Business, 05.12.2019 17:31 paolacorazza

Using the following year-end information for calvin’s clothing, calculate the current ratio and acid-test ratio for the business: cash $ 60,230 short-term investments 16,000 accounts receivable 62,000 inventory 310,000 prepaid expenses 7,770 accounts payable 110,000 other current payables 32,500
a. 2.20 and 1b. 31 and 1.03c. 3.30 and 1.03d. 3.20 and 0.97e. 2.20 and 0.97

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Using the following year-end information for calvin’s clothing, calculate the current ratio and acid...

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