Jones Corporation reported current assets of $187,000 and current llabilities of $132,000 on Its most recent balance sheet. The current assets co Accounts Recelvable; and $79,000 of Inventory. The acid-test (quick) ratio is: Multiple Cholce 0.60: 1. 1.4:1. 1:1. 0.82:1. 0.58:1.

Jones Corporation reported current assets of $187,000 and current llabilities of $132,000 on Its most recent balance sheet. The current assets co Accounts Recelvable; and $79,000 of Inventory. The acid-test (quick) ratio is: Multiple Cholce 0.60: 1. 1.4:1. 1:1. 0.82:1. 0.58:1.

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

d current liabilities of $132,000 on its most recent balance sheet. The current assets consisted of $63,200 Cash; $44,800
est (quick) ratio is:

Jones Corporation reported curent assets of $187,000 and current llabilities of $132,000 on Its most recent balance sheet. The current assets cons
Accounts Receivable; and $79,000 of Inventory. The acid-test (quick) ratio Is:
Multiple Cholce
0.60 : 1.
1.4:1.
1:1.
0.82:1.
0.58: 1.

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