A situation in which financial or other personal considerations have the potential to compromise or bias professional judgment a
1 answer:
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Answer:
Current ratio- 2.03 2.33 1.73 and Acid-test ratio- 0.98 0.43 0.60
Explanation:
Attach is the table of given cases
Acid test ratio=
Now, solving for acid test ratio.
<u>Case x</u>
⇒ Acid test ratio=
⇒ Acid test ratio=
∴ Acid test ratio=
<u>Case y</u>
⇒ Acid test ratio=
⇒ Acid test ratio=
∴ Acid test ratio= <u></u>
<u>Case Z</u>
⇒ Acid test ratio=
⇒ Acid test ratio=
∴ Acid test ratio=
Next solving for current ratio.
We know, current ratio=
<u>Case x</u>
⇒ current ratio=
∴ current ratio=
<u>Case y</u>
⇒ current ratio=
∴ current ratio=
<u>Case Z</u>
⇒ current ratio=
∴ current ratio=
Hence, Current ratio- 2.03 2.33 1.73 and Acid-test ratio- 0.98 0.43 0.60
