Business, 24.02.2020 23:29, brebre63

Presented below is information related to Tolbert Company.

Current Assets

Cash $ 4,000
Short-term investments 75,000
Accounts receivable 61,000
Inventories 110,000
Prepaid expenses 30,000
Total current assets $280,000

Total current liabilities are $100,000. What is the acid-test ratio?

a. 2.8 to 1.
b. 2.5 to 1.
c. 1.4 to 1.
d. 0.8 to 1.

Answers: 1

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Presented below is information related to Tolbert Company.

Current Assets

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