Answer: 0.48
Explanation:
The acid test ratio will be calculated as:
Cash = $100,000
Add: Short term investments = $17,000
Add: Net Current Receivables = $250,000
Total Assets = $367,000
/ Total Current Liabilities = $760,000
Acid Test Ratio will now be:
= Total Assets / Total Liabilities
= $367000/$760000.
= 0.48
Therefore, the acid test ratio is 0.48.
The third option is correct.
He should probably check the reviews of the mp3 player and the seller accuracy.
Answer:
The formula for the given problem is given below:
= (1+B$12)×B13
Explanation:
Immediately you do one, then you can autofill the formula to the mentioned range B15:B17 and then to C14 to H17
When been done correctly, this is how the formula will look in those cells if you do it correctly.
Check the file attached below to see it.