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-Refer to the following selected financial information from Dodge Company.Compute the company's acid-test ratio.
Operating Activities
Activities and transactions that relate to the primary operations of the company, including revenue-generating activities and other operations-related cash flows.
Accounts Payable
Money owed by a business to its suppliers shown as a liability on the company's balance sheet.
Accrued Liabilities
Financial obligations that a company has incurred but not yet paid for, which are recorded on the balance sheet.
Operating Activities
The day-to-day actions that are involved in running a business, which are recorded in the cash flow from operating activities section of a company's cash flow statement.
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