Business, 11.02.2020 23:26 skoolroks

Jones Corp. reported current assets of $186,000 and current liabilities of $130,500 on its most recent balance sheet. The current assets consisted of $63,400 Cash; $45,100 Accounts Receivable; and $77,500 of Inventory. The acid-test (quick) ratio is:

a. 1.4:1
b. 0.83:1
c. 0.58:1
d. 1:1
e. 0.59:1

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Jones Corp. reported current assets of $186,000 and current liabilities of $130,500 on its most rece...

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