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Pritchett Co. reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Other current assets Total current liabilities Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs Current Ratio Acid Test Ratio Complete this question by entering your answers in the tabs below. Compute the current ratio. Choose Numerator: Current Ratio Acid Test Ratio Current Ratio /Choose Denominator: Complete this question by entering your answers in the tabs below. Compute the acid-test ratio. 1 1 Choose Numeraton Acht Test Radio Curit Rat = = $20,800 $ 7,400 Current Ratio Current ratio $16,000 $32,900 $18,100 $34,000 Chacre Dessinate to 1 Acid Test Ratio > Acid Test Ratio Acid

Pritchett Co. reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Other current assets Total current liabilities Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs Current Ratio Acid Test Ratio Complete this question by entering your answers in the tabs below. Compute the current ratio. Choose Numerator: Current Ratio Acid Test Ratio Current Ratio /Choose Denominator: Complete this question by entering your answers in the tabs below. Compute the acid-test ratio. 1 1 Choose Numeraton Acht Test Radio Curit Rat = = $20,800 $ 7,400 Current Ratio Current ratio $16,000 $32,900 $18,100 $34,000 Chacre Dessinate to 1 Acid Test Ratio > Acid Test Ratio Acid

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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ed enors Pritchett Co. reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Other current assets Total current liabilities Compute the (a) current ratio and (b) acid-test ratio. Current Ratio Acid Test Ratio Complete this question by entering your answers in the tabs Compute the current ratio. Complete this question by entering your answers in the tabs below. Choose Numerator: Complete this question by entering your answers in the tabs below. Current Ratio Acid Test Ratio Current Ratio / Choose Denominator: 1 1 Compute the acid-test ratio. Choose Numeraton Acid Test Rate Curit Bati = # CRMAS $20,800 $ 7,400 Current Ratio Current ratio $16,000 $32,900 Choose Dessinate $18, 100 $34,000 to 1 Acid Test Ratio > Acid Test Ratio Acifest t
Transcribed Image Text:ed enors Pritchett Co. reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Other current assets Total current liabilities Compute the (a) current ratio and (b) acid-test ratio. Current Ratio Acid Test Ratio Complete this question by entering your answers in the tabs Compute the current ratio. Complete this question by entering your answers in the tabs below. Choose Numerator: Complete this question by entering your answers in the tabs below. Current Ratio Acid Test Ratio Current Ratio / Choose Denominator: 1 1 Compute the acid-test ratio. Choose Numeraton Acid Test Rate Curit Bati = # CRMAS $20,800 $ 7,400 Current Ratio Current ratio $16,000 $32,900 Choose Dessinate $18, 100 $34,000 to 1 Acid Test Ratio > Acid Test Ratio Acifest t
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