B Company provided the balance sheet below: Cash 225 Accounts payable 150 Accounts receivable 600 Accruals 250 Inventory 475 Notes payable 425 Current assets 1,300 Current liabilities 825 Net fixed assets 1,000 Long-term debt 625 Common equity 325 Retained earnings 525 Total assets 2,300 Total liab. & equity 2300 Compute for the Acid-test ratio. (2 decimal places)
B Company provided the balance sheet below: Cash 225 Accounts payable 150 Accounts receivable 600 Accruals 250 Inventory 475 Notes payable 425 Current assets 1,300 Current liabilities 825 Net fixed assets 1,000 Long-term debt 625 Common equity 325 Retained earnings 525 Total assets 2,300 Total liab. & equity 2300 Compute for the Acid-test ratio. (2 decimal places)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
8. B Company provided the balance sheet below:
|
Cash |
225 |
Accounts payable |
150 |
|
Accounts receivable |
600 |
Accruals |
250 |
|
Inventory |
475 |
Notes payable |
425 |
|
Current assets |
1,300 |
Current liabilities |
825 |
|
Net fixed assets |
1,000 |
Long-term debt |
625 |
|
Common equity |
325 |
||
|
|
|
525 |
|
|
Total assets |
2,300 |
Total liab. & equity |
2300 |
Compute for the Acid-test ratio. (2 decimal places)
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