Erastic Corporation has $28,000 in cash, $15,000 in marketable securities, $55,000 in account receivable, $68,000...
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Accounting
Erastic Corporation has $28,000 in cash, $15,000 in marketable securities, $55,000 in account receivable, $68,000 in inventories, and $56,000 in current liabilities. The corporations current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporations acid-test ratio is closest to:
Multiple Choice
0.98
1.48
1.75
2.96
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