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Author Question: Lia's Swim Shoppe has current liabilities of 298,100; cash in the amount 52,500; securities valued ... (Read 92 times)

washai

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on: Jun 24, 2018
Lia's Swim Shoppe has current liabilities of 298,100; cash in the amount 52,500; securities valued at 95,400; and accounts receivable of 158,200. Calculate the acid test ratio. (Round to the nearest hundredth)
 A) 1.80:1
  B) .85:1
  C) .97:1
  D) 1.03:1

Question 2

Solve for the portion, rounding to hundredths when necessary: 26 of 1,800 =


chreslie

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

468


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