[Answered] You own a business that has current liabilities of 117,300; cash in the amount 5,600; securities ...

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Author Question: You own a business that has current liabilities of 117,300; cash in the amount 5,600; securities ... (Read 93 times)

kaid0807

Hero Member
Posts: 515

on: Jun 24, 2018

You own a business that has current liabilities of 117,300; cash in the amount 5,600; securities valued at 98,400; and accounts receivable of 85,900. Calculate the acid test ratio. (Round to the nearest hundredth)
A) 1.56:1
B) 1.62:1
C) 1.89:1
D) 2.02:1

Question 2

Solve for the rate, rounding to tenths if necessary. What is the rate if the base is 123,200 and the portion is 618,545?

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Joc

Sr. Member
Posts: 317

Reply #1 on: Jun 24, 2018

Answer to Question 1

B

Answer to Question 2

502.1

kaid0807

Member
Posts: 515

Reply 2 on: Jun 24, 2018

TYSM

vickybb89

Member
Posts: 347

Reply 3 on: Yesterday

Gracias!

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Author Question: You own a business that has current liabilities of 117,300; cash in the amount 5,600; securities ... (Read 93 times)

kaid0807

You own a business that has current liabilities of 117,300; cash in the amount 5,600; securities ...

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Need homework help now?

Joc

You own a business that has current liabilities of 117,300; cash in the amount 5,600; securities ...

kaid0807

vickybb89