The following information on current assets and current liabilities is for Belkin Company. Cash $...
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Accounting
The following information on current assets and current liabilities is for Belkin Company. Cash $ 1,250 Prepaid expenses $ 600 Accounts receivable 2,407 Accounts payable 6,000 Inventory 4,000 Other current liabilities 900 Compute Belkin's acid-test ratio. If its competitor, Logit, has an acid-test ratio of 1.2, which company is better able to pay for current liabilities with its quick assets?
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