Compute acid test ratio Need it within half an hour Pritchett Co. reported the following year-end data:CashShort-tere investmentsAccounts recefvable (current)Inventory$20,200$ 8,600$11,800$26,600$12,000$29, 00other current assetsTotal current liabilitiesCompute the (a) current ratio and (b) acid-test ratio.Complete this question by entering your answers in the tabs below.Current Ratio Ada[Test RatioCompute the acid-test ratio.Acid Test RatioChoose NumeratorChoose Denominator:Acid-Test RatioAcid-test ratioto 1( Current Ratio

Acid Test Ratio = ( Cash + Short Term investment + Current Receivables ) / Current Liabilities

Pritchett Co. reported the following year-end data: Cash Short-tere investments Accounts recefvable (current) Inventory Other current assets Total current liabilities $20,200 $ 8,600 $11,00 $26, 600 $12,000 $29, Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratie AddlTest Ratio Compute the acid-test ratio. Acid Test Ratio Choose Numerator Choose Denominator: Acid-Test Ratio Acd-test ratio to 1 ( Current Ratio

Pritchett Co. reported the following year-end data: Cash Short-tere investments Accounts recefvable (current) Inventory Other current assets Total current liabilities $20,200 $ 8,600 $11,00 $26, 600 $12,000 $29, Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratie AddlTest Ratio Compute the acid-test ratio. Acid Test Ratio Choose Numerator Choose Denominator: Acid-Test Ratio Acd-test ratio to 1 ( Current Ratio

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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