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Find the acid-test ratio

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Reference no: EM131629183

Question: 1. Stevens Gift Shop: cash, $2,345; accounts receivable, $5,450; government securities, $4,500; accounts payable, $6,748; notes payable, $7,457. Find the acid-test ratio. Round to the nearest hundredt

2. Find the acid-test ratio for Edna Nunez and Company if the balance sheet shows cash, $23,500; marketable securities, $0; receivables, $12,300; current liabilities, $27,800. Round to the nearest hundredth.

Reference no: EM131629183

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