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Current ratio, acid-test ratio
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The current asset section of Stibbe Pharmaceutical Company’s balance sheet included cash of $20,000 and accounts receivable of $40,000. The only other current asset is inventories. The company’s current ratio is 2.0 and its acid-test ratio is 1.5. Determine the ending balance in inventories and...
Current Ratio & Acid-Test Ratio
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I know the formula for both ratios. Current Ratio = current assets/current liabilities Acid-Test Ratio = (Cash Short-Term Investments Current Receivables)/Current Liabilities ... but I don't know what numbers to use for these. The numbers I have for my general journal are... DEBITS
If A Company Has An Acid Test Ratio Of 0.95 And Its Current Assets Consist Of Cash, A
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Is there a formula to determine the value of the inventory from an acid test ratio of 0.95?
Current ratio against acid ratio
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Why current ratio is increasing while the acid ratio is decreasing View more questions Search
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