The accounts and balances shown below were taken from Unique Low Company’s accounting records on December 31, 2021: Cash
Posted: Tue Jul 05, 2022 1:38 pm
The accounts and balances shown below were taken from Unique LowCompany’s accounting records on December 31, 2021:
Cash
Php250,000
Marketable securities
100,000
Accounts receivable (net)
165,000
Inventory
180,000
Accounts Payable
220,000
Using the same information on number (31), determine theacid-test/quick ratio. Round to two decimal places.
Group of answer choices
None of the above
1.52
1.55
3.26
2.34
Cash
Php250,000
Marketable securities
100,000
Accounts receivable (net)
165,000
Inventory
180,000
Accounts Payable
220,000
Using the same information on number (31), determine theacid-test/quick ratio. Round to two decimal places.
Group of answer choices
None of the above
1.52
1.55
3.26
2.34