Multiple Choice
A firm's current liabilities amount to $30,000.It does not have any marketable securities and receivables amount to $20,000.Calculate the acid-test ratio of the firm if it has $40,000 cash in hand.
A) 2.0
B) 0.5
C) 1.0
D) 1.67
E) 1.5
Correct Answer:
Verified
Correct Answer:
Verified
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