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13. What is the Sculler's acid test ratio at December 31, 2021? a. 0.672 to 1 b. 0.756 to 1 c. 1.000 to 1 d. 1.767 to 1

13. What is the Sculler's acid test ratio at December 31, 2021? a. 0.672 to 1 b. 0.756 to 1 c. 1.000 to 1 d. 1.767 to 1

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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13. What is the Sculler's acid test ratio at December 31, 2021?
 
a. 0.672 to 1
b. 0.756 to 1
c. 1.000 to 1
d. 1.767 to 1
ADDITIONAL EXERCISES 1. Sculler Company is calculating its ratios relating to debt-paying ability for the year ended December 31, 2021 Here is the relevant information: Sales revenue P125,000 75, 000 20, 000 6, 000 9, 000 Cost of goods sold expense Interest expense Income tax expense Net income December 1, 2021 December 31, 2021 Cash P10, 000 P16, 000 15, 000 60, 000 28, 000 13, 000 Accounts receivable 25, 000 Inventory 45, 000 Accounts payable Taxes payable 24, 000 11, 000
Transcribed Image Text:ADDITIONAL EXERCISES 1. Sculler Company is calculating its ratios relating to debt-paying ability for the year ended December 31, 2021 Here is the relevant information: Sales revenue P125,000 75, 000 20, 000 6, 000 9, 000 Cost of goods sold expense Interest expense Income tax expense Net income December 1, 2021 December 31, 2021 Cash P10, 000 P16, 000 15, 000 60, 000 28, 000 13, 000 Accounts receivable 25, 000 Inventory 45, 000 Accounts payable Taxes payable 24, 000 11, 000
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