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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 123 times)

kaid0807

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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

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

B

Answer to Question 2

502.1


kaid0807

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

connor417

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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