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Information on current assets and current liabilities

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Use the following information on current assets and current liabilities to compute and interpret the acid test ratio. Explain what the acid  test ratio of a company measures.

Cash . . . . . . . . . . . . . . . . . . . . $ 1,490
Accounts receivable . . . . . . . . 2,800
Inventory . . . . . . . . . . . . . . . . 6,000
Prepaid expenses . . . . . . . . . . $ 700
Accounts payable . . . . . . . . . 5,750
Other current liabilities . . . . . 850 

Reference no: EM13905740

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