Compute the acid-test ratio

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Reference no: EM132765605

Problem - Jones Corp. reported current assets of $196,000 and current liabilities of $138,500 on its most recent balance sheet. The current assets consisted of $61,000 Cash; $42,100 Accounts Receivable; and $92,900 of Inventory. Compute the acid-test (quick) ratio?

Reference no: EM132765605

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