Multiple Choice
A company has $50,000 in cash, $85,000 in short-term investments, $120,000 in net current receivables, and $145,000 in inventory. The total current liabilities of the firm are $275,000. The acid-test ratio of the company is:
A) 0.93.
B) 0.64.
C) 1.45.
D) 1.76.
Correct Answer:
Verified
Correct Answer:
Verified
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