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Given inventories, total assets, current ratio, acid-test ratio, and debt to equity r
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Assuming a current ratio of 1.0 and an acid-test ratio of 0.80, how will the borrowin
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Assuming a current ratio of 1.0 and an acid-test ratio of 0.80, how will the borrowing of cash by issuing a six-month note payable affect each ratio? Decrease the current ratio and decrease the acid-test ratio. Increase the current ratio and increase the acid-test ratio. No change to...
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 View more questions Search
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