Following is the unclassified balance sheet for Heidi's Hut, Inc.
Required:
1. Compute the current ratio (round to 2 decimal places)
2. Compute the acid-test ratio ( round to 2 decimal places)
3. Does it appear that Heidi's Hut will be able to pay its current liabilities on time?

Question

Following is the unclassified balance sheet for Heidi's Hut, Inc.
  Required:
1. Compute the current ratio (round to 2 decimal places)
2. Compute the acid-test ratio ( round to 2 decimal places)
3. Does it appear that Heidi's Hut will be able to pay its current liabilities on time?

Quizplus · Accepted Answer

The Answer of Following is the unclassified balance sheet for Heidi's Hut, Inc.
  Required:
1. Compute the current ratio (round to 2 decimal places)
2. Compute the acid-test ratio ( round to 2 decimal places)
3. Does it appear that Heidi's Hut will be able to pay its current liabilities on time?

Following Is the Unclassified Balance Sheet for Heidi's Hut, Inc