A corporation reports the following year-end balance sheet data. The company's acid-test ratio equals s...
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Accounting
A corporation reports the following year-end balance sheet data. The company's acid-test ratio equals s 79,800 25,000 104,000 108,000 $316,000 Cash Accounts receivable Inventory Equipment Total assets s 44,000 Current liabilities 59,000 Long-term liabilities 64,000 Common stock 149,000 Retained earnings $316,000 Total liabilities and equity 21 Multiple Choice 0 67 0.33 1.30 049 2.11
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