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A company's current assets are $26,420, its quick assets are $15,090 and its current liabilities are $12,520. Its acid-test ratio equals:

Respuesta :

Answer: 1.21

Explanation:

Acid test ratio is also referred to as the quick ratio and it is calculated as:

Acid-Test Ratio = Quick Assets / Current Liabilities

where,

Quick assets = $15090

Current liabilities = $12520

Acid test ratio = $15090 / $12520

= 1.2052

= 1.21

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