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Goal: Learn to calculate the acid-test ratio used in financial analysis. Instructions: You...

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Accounting

Goal: Learn to calculate the acid-test ratio used in financial analysis.
Instructions: You are given several values that might appear on a financial statement. Use these to calculate the acid-test ratio, and determine whether the change in the ratio is favourable or unfavourable.
Correct Spelling is vital! Moodle is brutal! Consult the Chart of Accounts for help here.
If there are more than one debit or credit the account names must be in alphabetical order.
Do not include the $ sign in your answers.
Your answers must be correct to exactly 2 decimal places.
Do not include the, indicating thousands in your answers.
Date Column: Enter the date in the form MMM DD, e.g. January 3 would be entered as Jan 3
\table[[Cash,189,500],[Short-term Investments,123,000],[Rent Receivable,93,000],[Prepaid Interest,110,000],[Rent Payable,85,500],[Interest Payable,121,500]]
\table[[,2025,2024],[Acid-Test Ratio,1.80,]]
Assuming all other things are constant, the change in this number is Favourable (F), Unfavourable (U)?
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