Pritchett Company Reported The Following Year End Data Cash Short Term Investments Accounts Receivable Current Invent 1 (73.38 KiB) Viewed 119 times
Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current liabilities $ 27,000 9,200 23,800 20,000 16,000 40,000 Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs below. Current Ratio Acid Test Ratio Compute the current ratio. Current Ratio Numerator: 1 Denominator: = Current Ratio / = Current ratio / = to 1 < Current Ratio Acid Test Ratio >
Current Ratio Acid Test Ratio Compute the acid-test ratio. Acid-Test Ratio Numerator: Denominator: Acid-Test Ratio + + / = Acid-test ratio + + / to 1 Current Ratio Acid Test Ratio >
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