The company's acid-test ratio as of the balance sheet date is: * The following data is taken from the balance sheet of Bulldogs Inc. as of December 2021: Accounts payable P145,000 Accounts receivable 110,000 4,000 Accrued liabilities Cash Income tax payable Inventory Marketable securities 85,000 10,000 140,000 250,000 Notes payable - short term Prepaid expenses 85,000 15,000 O 2.02 O 1.82 O 2.40 O 1.76 O 1.80
The company's acid-test ratio as of the balance sheet date is: * The following data is taken from the balance sheet of Bulldogs Inc. as of December 2021: Accounts payable P145,000 Accounts receivable 110,000 4,000 Accrued liabilities Cash Income tax payable Inventory Marketable securities 85,000 10,000 140,000 250,000 Notes payable - short term Prepaid expenses 85,000 15,000 O 2.02 O 1.82 O 2.40 O 1.76 O 1.80
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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![The company's acid-test ratio as of the balance sheet date is: *
The following data is taken from the balance sheet of Bulldogs Inc. as of December 2021:
P145,000
Accounts payable
Accounts receivable
Accrued liabilities
110,000
4,000
85,000
10,000
Cash
Income tax payable
|Inventory
Marketable securities
Notes payable - short term
Prepaid expenses
140,000
250,000
85,000
15,000
O 2.02
O 1.82
O 2.40
O 1.76
O 1.80](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F477c0074-f2fe-46b9-9042-b813dd15d7ee%2Fb03da1f3-6a33-448d-b5ab-ae3b52a44308%2Fmkxrc8_processed.png&w=3840&q=75)
Transcribed Image Text:The company's acid-test ratio as of the balance sheet date is: *
The following data is taken from the balance sheet of Bulldogs Inc. as of December 2021:
P145,000
Accounts payable
Accounts receivable
Accrued liabilities
110,000
4,000
85,000
10,000
Cash
Income tax payable
|Inventory
Marketable securities
Notes payable - short term
Prepaid expenses
140,000
250,000
85,000
15,000
O 2.02
O 1.82
O 2.40
O 1.76
O 1.80
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