J
jess
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ABC Corporation's total quick assets were $5,888,000, its current assets were $11,700,000 and its current liabilities were $8,000,000. Its acid-test ratio equals:
a. 0.50.
b. 0.68.
c. 0.74.
d. 1.50.
e. 2.20.
I am pretty sure that you add quick and current assets together and divide by liabilities. But i wasnt sure if quick assets were supposed to be included...PLEASE HELP
Either E or or D
a. 0.50.
b. 0.68.
c. 0.74.
d. 1.50.
e. 2.20.
I am pretty sure that you add quick and current assets together and divide by liabilities. But i wasnt sure if quick assets were supposed to be included...PLEASE HELP
Either E or or D