What is the acid-test ratio

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Problem

Discount Travel has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and other current assets, $18 million. Discount Travel also has the following liabilities: accounts payable, $98 million; current portion of long-term debt, $35 million; and long-term debt, $23 million. Get the instant assignment help. Based on these amounts, what is the acid-test ratio?

Reference no: EM134007055

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