In 2018 a company reported the following (in millions of dollars): Net Sales - $10.1 Cost of Goods Sold: $4.35 Income Ta

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In 2018 A Company Reported The Following In Millions Of Dollars Net Sales 10 1 Cost Of Goods Sold 4 35 Income Ta 1 (55.22 KiB) Viewed 7 times

In 2018 a company reported the following (in millions of dollars): Net Sales - $10.1 Cost of Goods Sold: $4.35 Income Taxes: $1.47 As of December 31, 2018 the company had $0.98 in cash and securities, $1.39 in accounts receivable, and $1.34 in inventory. It owed $1.88 in current liabilities and $1.67 in long-term debt. Calculate the acid test ratio. Enter the answer as a percentage, without the % symbol. Maintain 2 places after the decimal point. For example, 0.1234 must be entered as 12.34.