Presented below is information related to Tolbert Company.
Current Assets
Cash $ 4,000
Short-term investments 75,000
Accounts receivable 61,000
Inventories 110,000
Prepaid expenses 30,000
Total current assets $280,000
Total current liabilities are $100,000. What is the acid-test ratio?
a. 2.8 to 1.
b. 2.5 to 1.
c. 1.4 to 1.
d. 0.8 to 1.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Presented below is information related to Tolbert Company. Current Assets Cash $ 4,000 Short-term investments 75,000 Accounts receivable ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
1. Does the selected business have differentiated products or services? If so, what is the basis for this differentiation from the competition?
Answers (1)
Elliot, a human resource manager, tells managers in his organization that following the system of progressive discipline requires written documentation at every step of the process. In which situation could this be optional? A.
Answers (2)
Return on common stockholders' equity is most closely related to: O profit margin and free cash flow. O times interest earned and debt to stockholders' equity ratio. O return on asset and leverage (debt to assets ratio).
Answers (1)
U. s. government transfer payments that depend on the income of the recipient are known as
Answers (1)
What type of leadership is primarily concerned with leaders' interactions with their subordinates and is aimed at enhancing the creation of a positive, nurturing work environment?
Answers (1)
New Questions in Business
If a tree grew more than 3 feet during the year, how much more likely is it that the tree was at most 50 yards from the river?
Answers (2)
An HP-10BII can solve problems with up to 15 beginning-of-year cash flows when there are no consecutive equal cash flows. True / False.
Answers (1)
Do you think we need to prioritize wants? why
Answers (1)
When the auditors discover an overstatement of accounts payable, they would most likely also expect to find an overstatement of:?
Answers (1)
This year Drake and his son purchased real estate for an investment. The price of the property was $1,200,000, and the title named Drake and his son as joint tenants with the right of survivorship.
Answers (1)