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What is the acid-test ratio

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Reference no: EM132592354

Question - Presented below is information related to Coronado Industries.

Current Assets Cash $20000

Short-term investments 71000

Accounts receivable 59000

Inventories 103000

Prepaid expenses 30000

Total current assets $283000

Total current liabilities are $100000. What is the acid-test ratio?

a) 1.50 to 1.

b) 0.91 to 1.

c) 2.53 to 1.

d) 2.83 to 1.

Reference no: EM132592354

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