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At year-end, SchwartzSchwartz Company has cash of $16,000, current accounts receivable of $90,000, merchandise inventory...

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Accounting

At year-end, SchwartzSchwartz Company has cash of $16,000, current accounts receivable of $90,000, merchandise inventory of $45,000, and prepaid expenses totaling $5,900. Liabilities of $50,000 must be paid next year. What is Schwartz'sSchwartz's acid-test ratio?

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