A Company Has the Following Account Balances A) 91
B)

question 65

Multiple Choice

A company has the following account balances.What is the acid-test ratio? (Please round to two decimal places.) $\begin{array}{|l|r|}\hline\text { Cash } & \$ 60,000 \\\hline \text { Short-terminvestments } & 75,000 \\\hline \text { Net current receivables } & 140,000 \\\hline \text { Inventory } & 145,000 \\\hline \text { Total current liabilities } & 395,000 \\\hline\end{array}$

• A) .91
• B) .94
• C) 1.06
• D) .70

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Sustainability Approach

A method that focuses on long-term environmental and social health, ensuring resources are used responsibly and systems remain productive over time.

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Professionals who specialize in providing financial data and advice to managers for the purpose of making informed business decisions.

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