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Shown below is the balance sheet of Blockchain Services Ic., what is the acid ratio? Asset Liabilities P 10,000.00 P 12,000.00 P 7,000.00 P 20,000.00 Payables . Notes due . Long term debt. . Owner's equity.. . P 17,000.00 P 6,000.00 P 3,000.00 P 23,000.00 Cash. Receivables . Inventory. . Capital Equipment . Total: e 19.000 00 Total: 8 19.00 0 .00

Shown below is the balance sheet of Blockchain Services Ic., what is the acid ratio? Asset Liabilities P 10,000.00 P 12,000.00 P 7,000.00 P 20,000.00 Payables . Notes due . Long term debt. . Owner's equity.. . P 17,000.00 P 6,000.00 P 3,000.00 P 23,000.00 Cash. Receivables . Inventory. . Capital Equipment . Total: e 19.000 00 Total: 8 19.00 0 .00

FINANCIAL ACCOUNTING
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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Shown below is the balance sheet of Blockchain Services Inc., what is the acid ratio? Asset Liabilities Payables . Notes due.. Cash . P 10,000.00 P 12,000.00 P 7,000.00 P 20,000.00 P 49,000.00 P 17,000.00 P 6,000.00 P 3,000.00 P 23,000.00 P 49,000.00 Receivables.. Long term debt.. Owner's equity.. Inventory.. Capital Equipment . Total: Total:
Transcribed Image Text:Shown below is the balance sheet of Blockchain Services Inc., what is the acid ratio? Asset Liabilities Payables . Notes due.. Cash . P 10,000.00 P 12,000.00 P 7,000.00 P 20,000.00 P 49,000.00 P 17,000.00 P 6,000.00 P 3,000.00 P 23,000.00 P 49,000.00 Receivables.. Long term debt.. Owner's equity.. Inventory.. Capital Equipment . Total: Total:
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