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Author Question: The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below:20202021Current ... (Read 61 times)

olsonmanny@gmail.com

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on: Feb 5, 2023
The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below:

​​20202021
Current assets​​
  Cash and cash equivalents$  16,000$  14,000
  Accounts receivable, net20,00024,000
  Inventory25,00023,000
  Marketable equity securities     5,000     5,000
Total current assets66,00066,000
Plant & equipment, net   60,000   40,000
Total assets$126,000$106,000
​​​
Current liabilities$   20,000$   30,000
Noncurrent liabilities   60,000   40,000
Total liabilities80,00070,000
Total stockholders' equity   46,000   36,000
Total liabilities and stockholders' equity$126,000$106,000

Calculate the 2021 acid-test ratio.
◦ 1.27
◦ 2.20
◦ 1.51
◦ 1.43
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by olsonmanny@gmail.com on Feb 5, 2023

katrey9207

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olsonmanny@gmail.com

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

gcook

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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