Find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth of a percent.
- Last year current liabilities were $234,000.
A)1.19; 0.74
B)1.36; 0.70
C)1.36; 0.83
D)1.19; 0.83

Question

Find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth of a percent.
- Last year current liabilities were $234,000.
A)1.19; 0.74 
B)1.36; 0.70 
C)1.36; 0.83 
D)1.19; 0.83

Quizplus · Accepted Answer

The Answer of Find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth of a percent.
- Last year current liabilities were $234,000.
A)1.19; 0.74 
B)1.36; 0.70 
C)1.36; 0.83 
D)1.19; 0.83

Find the Current Ratio and the Acid-Test Ratio for the Indicated