A company has cash, $85,000; temporary investments, $30,000; net receivables, $60,000; and inventory, $350,000. Current liabilities are $300,000. The acid-test ratio is:
A) 0.58.
B) 0.74.
C) 1.75.
D) 1.86.
Correct Answer:
Verified
Q36: Bevington Studio reported the following income statement
Q37: Bevington Studio reported the following income statement
Q38: Bevington Studio reported the following income statement
Q39: The net sales for a company were
Q40: A company has cash, $85,000; temporary investments,
Q42: A company has net sales on account
Q43: A company has net sales on account
Q44: A company has cash $80,000; temporary investments,
Q45: A company has cash $80,000; temporary investments,
Q46: The net income for the year was
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents