Presented below is information available for Norton Company.
Total current liabilities are $120,000. The acid-test ratio for Norton is
A) 2.33 to 1.
B) 2.08 to 1.
C) 1.17 to 1.
D) .54 to 1.

Name: Presented below is information available for Norton Company. Total current liabilities are $120,000. The acid-test ratio for Norton is A) 2.33 to 1. B) 2.08 to 1. C) 1.17 to 1. D) .54 to 1.
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Question

Presented below is information available for Norton Company.
 Total current liabilities are $120,000. The acid-test ratio for Norton is
A) 2.33 to 1. 
B) 2.08 to 1. 
C) 1.17 to 1. 
D) .54 to 1.

Quizplus · Accepted Answer

11ee9a5f_7031_654f_b9cb_8fed39c48467_TB10226_00

Presented Below Is Information Available for Norton Company