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Calculate the acid-test ratio for central office supply

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Reference no: EM131629275

Question: 1. Find the acid-test ratio for Central Office Supply: cash, $5,745; accounts receivable, $12,496; accounts payable, $10,475. Round to the nearest hundredth.

2. Find the acid-test ratio for Jefferson's Photo if the balance sheet shows cash, $6,700; marketable securities, $0; receivables, $12,756; current liabilities, $18,34.

Reference no: EM131629275

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