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Gwar [14]
3 years ago
14

Jones corp. reported current assets of $187,000 and current liabilities of $132,000 on its most recent balance sheet. the curren

t assets consisted of $63,200 cash; $44,800 accounts receivable; and $79,000 of inventory. the acid-test (quick) ratio is:
Business
1 answer:
Lemur [1.5K]3 years ago
8 0

Hello!

acid-test (quick) ratio=(Cash+short term investments+accounts receivable)÷current liabilities

acid-test (quick) ratio is
(63,200+44,800)÷132,000=0.8182

0.8182×100=81.82%

Good luck!

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