Data from Weichbrodt Corporation's Most Recent Balance Sheet Appear Below

question 175

Essay

Data from Weichbrodt Corporation's most recent balance sheet appear below:
$\begin{array}{lr}\text {Cash }&\$ 15,000 \\\text {Marketable securities }&\$ 26,000 \\\text {Accounts receivables. }&\$ 37,000 \\\text { Inventory}&\$ 51,000 \\\text {Prepaid expenses }&\$ 17,000 \\\text {Current liabilities. }&\$ 102,000\end{array}$
Required:
Compute the company's acid-test ratio.Show your work!

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Definitions:

Months

Units of time, each roughly about 30 days long, that together constitute a year.

Age

The duration for which an individual or item has existed or been alive.

Laughter

A bodily reaction, often spontaneous, consisting of rhythmical, often audible contractions of the diaphragm and other parts of the respiratory system.

Sadness

A natural emotional response to experiences of loss, disappointment, or other upsetting circumstances.