Use the following to calculate the acid-test ratio. (Round your answer to two decimal places.)
Cash $100,000
Short-term investments 17,000
Net current receivables 250,000
Inventory 330,000
Total current liabilities 760,000
A) 0.79
B) 5.88
C) 0.92
D) 0.48
D .
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Indicate whether the statement is true or false
Use this information to answer the following question. The general ledger account for Accounts Receivable shows a debit balance of $50,000 . Allowance for Uncollectible Accounts has a credit balance of $1,000 . Net sales for the year were $465,000 . In the past, 2 percent of sales have proved uncollectible, and an aging of accounts receivable accounts results in an estimate of $13,500 of
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Recommendations should be phrased as ________ (beginning with verbs)
Fill in the blank(s) with correct word