Given the following information calculate the 2013 and 2014 acid-test ratios for Smart-T. :
Is Smart-T's liquidity situation improving?
Note: 2012 net accounts receivables = $40,000
Definitions:
Domestic Partnership
A legal category granting some rights ordinarily reserved to married couples to committed, cohabiting heterosexual, gay men, and lesbian women couples.
Open Relationship
A type of relationship where partners agree upon participating in sexual, emotional, or romantic activities with other people, outside their primary relationship.
Domestic Partnership
A personal relationship between two individuals who live together and share a domestic life but are not married.
Committed Relationships
A relationship where individuals agree to be with each other exclusively and work together on building a future.
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