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What is the acid-test ratio

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Reference no: EM131570661

Question: Presented below is information related to Oriole Company.

Current Assets 

Cash      $ 12,000

Short-term investments               74,000

Accounts receivable       61,000

Inventories         109,000

Prepaid expenses30,000

Total current assets        $286000

Total current liabilities are $105000.

What is the acid-test ratio?

Reference no: EM131570661

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