Answered: Acid test ratio??? Current liabilities…

Acid test ratio??? Current liabilities 298100 Cash 54500 Securities 97400 Accounst receivable 156200 Answer is 1.03: 1 Show with workings

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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Question

Acid test ratio???
Current liabilities
298100
Cash
54500
Securities
97400
Accounst receivable
156200
Answer is 1.03: 1 Show with workings

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