This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following the correct formula for calculating acid test ratio? A) Acid test ratio = ... (Read 164 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jul 6, 2018
Which of the following the correct formula for calculating acid test ratio?
 
  A) Acid test ratio = (Current assets - Inventory) / Current liabilities
  B) Acid test ratio = (Current assets - Interest expense) / Current liabilities
  C) Acid test ratio = (Current assets - Current liabilities) / Current liabilities
  D) Acid test ratio = Current assets / Current liabilities

Question 2

A _________ is a book in which business transactions are recorded.
 a. ledger
   b. balance sheet
   c. journal
   d. trial balance


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 6, 2018
Answer to Question 1

A
Explanation: A) Acid test ratio = (Current assets - Inventory) / Current liabilities

Answer to Question 2

c


809779

  • Member
  • Posts: 579
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Growth cones. The cytoplasmic fingers (the filopodia) of growth cones seem to grope for the correct ... Growth cones. The cytoplasmic fingers (the filopodia) of growth cones seem to grope for the correct ...
Step Test for Cardiovascular Endurance. Step Test for Cardiovascular Endurance.
Overview of intermediary metabolism with fatty acid and triacylglycerol pathways highlighted Overview of intermediary metabolism with fatty acid and triacylglycerol pathways highlighted
The coefficient of the restitution of an object is defined as the ratio of its outgoing to ... The coefficient of the restitution of an object is defined as the ratio of its outgoing to ...
Outgroup role in relative rate test Outgroup role in relative rate test
How many carboxylic acids and esters share the molecular formula C2H4O2? How many carboxylic acids and esters share the molecular formula C2H4O2?
Video: Tuberculosis Testing

For a complete list of videos, visit our video library