The selected data pertain to Tilghman Company at December 31:
Quick assets = $208,000
Acid t...
The selected data pertain to Tilghman Company at December 31:
Quick assets = $208,000
Acid test ratio= 2.6 times
Current ratio = 3.5 times
Net sales for the year = $1,800,000
Cost of sales for the year = $990,000
Average total assets for the year = $1,200,000
What is Tilghman Company’s
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