company has the following account balances. What is the acid-test ratio?
$$\begin{array} { | l | r | }
\hline \text { Cash } & \$ 60,000 \
\hline \text { Short-term investments } & \$ 75,000 \
\hline \text { Net current receivables } & \$ 140,000 \
\hline \text { Inventory } & \$ 145,000 \
\hline \text { Total current liabilities } & \$ 395,000 \
\hline
\end{array}$$
A) .91
B) .94
C) 1.06
D) .70

Question

company has the following account balances. What is the acid-test ratio?
$$\begin{array} { | l | r | } 
\hline \text { Cash } & \$ 60,000 \
\hline \text { Short-term investments } & \$ 75,000 \
\hline \text { Net current receivables } & \$ 140,000 \
\hline \text { Inventory } & \$ 145,000 \
\hline \text { Total current liabilities } & \$ 395,000 \
\hline
\end{array}$$
A) .91
B) .94
C) 1.06
D) .70

Quizplus · Accepted Answer

The Answer of company has the following account balances. What is the acid-test ratio?
$$\begin{array} { | l | r | } 
\hline \text { Cash } & \$ 60,000 \
\hline \text { Short-term investments } & \$ 75,000 \
\hline \text { Net current receivables } & \$ 140,000 \
\hline \text { Inventory } & \$ 145,000 \
\hline \text { Total current liabilities } & \$ 395,000 \
\hline
\end{array}$$
A) .91
B) .94
C) 1.06
D) .70

Company Has the Following Account Balances A) 91 B)

Company Has the Following Account Balances A) 91
B)