Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. erastic corporation has $21,000 in cash, $11,500 i

Erastic Corporation has $21,000 in cash, $11,500 in marketable securities, $44,500 in account receivable, $54,000...

70.2K

Verified Solution

Question

Accounting

Erastic Corporation has $21,000 in cash, $11,500 in marketable securities, $44,500 in account receivable, $54,000 in inventories, and $49,000 in current liabilities. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporation's acid-test ratio is closest to: 1.57 0.91 2.67 1.34

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Plz write in your own text and don't copy answers that was answered before since my...

Physics
1.2K views

Ari is sitting near a loud speaker that emits sound of frequency 606 9 Hz...

Physics
1.2K views

L 4 and m of different Three blocks A B and C of mass m...

Geometry
1.2K views

1 point A Solve for x x 5 O x 10 x 2 x 4...

Basic Math
1.2K views

20 Kim works as a salesperson for a photo studio To find her earnings for...

Calculus
1.2K views

2 For each of the following functions determine the points at which the function is...

Accounting
1.2K views

Example You draw a number at random from {1,2,..., 30). What is the probability of...

Accounting
1.2K views

20. Complete the computation 2% X 1% using both an area model, and by using...

Accounting
1.2K views

Please help with question 3 IceKreme Inc. makes ice cream machines for sale...

Accounting
1.2K views

Please urgently assist Duchess Meghan Limited provides you with the following budgeted information: Projected...

Accounting
1.2K views

On January 1, 2020, Stellar Company purchased 10% bonds having a maturity value of $300,000,...

Finance
1.2K views

= Homework: Chapter 10 Homework Question 8, P10-20 (similar to) Part 1 of 13 HW...