Burke's Office Supply has cash assets of $82,000 and accounts receivable of $94,000. Their accounts payable total $55,000. What is the acid test ratio?

Name: Burke's Office Supply has cash assets of $82,000 and accounts receivable of $94,000. Their accounts payable total $55,000. What is the acid test ratio?
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

The Answer of Burke's Office Supply has cash assets of $82,000 and accounts receivable of $94,000. Their accounts payable total $55,000. What is the acid test ratio?

Burke's Office Supply Has Cash Assets of $82,000 and Accounts