Torstar Corporation is a media company that publishes newspapers and digital media. The company reports...
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Torstar Corporation is a media company that publishes newspapers and digital media. The company reports the following current assets and current liabilities at December in thousands Accounts payable and accrued liabilities $ Assets held for sale $ Cash and cash equivalents $ Deferred revenue $ Derivative financial instruments Income taxes payable $ Inventories $ Lease liabilities $ Prepaid expenses $ Provisions $ Receivables $ Restricted cash $ Part A is done and the correct answer is shown in the screenshot below. I need help with PART B for acidtest ratio the incorrect answer is seen in the screenshot below bordered in red I already correctly figured out the current ratio seen in screenshot For the AcidTest Ratio use the formula: Cash Short term investments ReceivablesCurrent Liabiltes. Then include Restricted Cash in the numerator total. 
Torstar Corporation is a media company that publishes newspapers and digital media. The company reports the following current assets and current liabilities at December in thousands
Accounts payable and accrued liabilities $
Assets held for sale $
Cash and cash equivalents $
Deferred revenue $
Derivative financial instruments
Income taxes payable $
Inventories $
Lease liabilities $
Prepaid expenses $
Provisions $
Receivables $
Restricted cash $
Part A is done and the correct answer is shown in the screenshot below.
I need help with PART B for acidtest ratio the incorrect answer is seen in the screenshot below bordered in red I already correctly figured out the current ratio seen in screenshot
For the AcidTest Ratio use the formula:
Cash Short term investments ReceivablesCurrent Liabiltes. Then include Restricted Cash in the numerator total.
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