ABC Co. is a retail company and its selected financial statements items are given as following. Its Total Assets equals to 50.000 TL, current assets equals to 30.000, total short- term liabilities equals to 20.000 TL, long-term liabilities 14.000 TL, equity equals to 16.000 TL, inventory equals to 10.000 TL, account receivable equity equals to 8.000 TL, account payable equity equals to 6.000 TL. Please calculate acid-test of ABC Co.?

ABC Co. is a retail company and its selected financial statements items are given as following. Its Total Assets equals to 50.000 TL, current assets equals to 30.000, total short- term liabilities equals to 20.000 TL, long-term liabilities 14.000 TL, equity equals to 16.000 TL, inventory equals to 10.000 TL, account receivable equity equals to 8.000 TL, account payable equity equals to 6.000 TL. Please calculate acid-test of ABC Co.?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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