You own a business that has current liabilities of 117,300; cash ...

[kaid0807]

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?

[Joc]

Answer to Question 1

B

Answer to Question 2

502.1

[kaid0807]

Thanks for the timely response, appreciate it

[cam1229]

Great answer, keep it coming