The following are the information on the assets and labilities of DARARI Corporation on December 31, 2022: Account Amount Cash P75,000.00 Accounts Receivable 120,000.00 Inventories 300,000.00 Trading/Marketable Securities 50,000.00 Land 7,000,000.00 Accounts Payable 450,000.00 Mortgage Payable 750,000.00 Basing on the acid-test ratio industry average of the airline industry on December 31, 2022, which is 1.10, where DARARI is a main market player, which of the following statements is true? DARARI'S acid test ratio is so bad that it deviates a lot and way below the industry average

The following are the information on the assets and labilities of DARARI Corporation on December 31, 2022: Account Amount Cash P75,000.00 Accounts Receivable 120,000.00 Inventories 300,000.00 Trading/Marketable Securities 50,000.00 Land 7,000,000.00 Accounts Payable 450,000.00 Mortgage Payable 750,000.00 Basing on the acid-test ratio industry average of the airline industry on December 31, 2022, which is 1.10, where DARARI is a main market player, which of the following statements is true? DARARI'S acid test ratio is so bad that it deviates a lot and way below the industry average

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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