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Accounting
Hi I need help on the phone question 
The balance sheet for Altoid Co. is shown below. ALTOID CO. Balance Sheet At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity $ 240 650 750 900 1,140 $ 3,680 $ 980 1,050 600 1,130 $ 3,680 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $ 8,600 7, 230 1,370 120 375 $ 875 Required: Compute the following financial statement ratios for 2021: Altold Co.'s acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio
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