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Using the following year-end Information for WorkFit calculate the acid-test ratio: Cash Short-term investments Accounts...

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Using the following year-end Information for WorkFit calculate the acid-test ratio: Cash Short-term investments Accounts receivable (all current) Inventory Supplies Accounts payable Wages payable $ 51,900 12,000 54,000 325,000 17,500 106,500 24,500 Multiple Choice 0.40 0.49 0.60 0.81 0.90

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