Dieringer Corporation's most recent balance sheet and income statement appear below:
-The acid-test ratio at the end of Year 2 is closest to:

Question

Dieringer Corporation's most recent balance sheet and income statement appear below:  
-The acid-test ratio at the end of Year 2 is closest to:

Quizplus · Accepted Answer

Acid-test ratio = Quick assets F1F1F1S1F1F1F10 Current liabilities = $440* F1F1F1S1F1F1F10 $290 = 1.52
*Quick assets = Cash + Marketable securities + Accounts receivable + Short-term notes receivable
= $280 + $0 + $160 = $440

Dieringer Corporation's Most Recent Balance Sheet and Income Statement Appear