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What is the acid-test ratio for sycamore

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Reference no: EM132350702

Question - The following financial information applies to Sycamore Company:

Cash $10,000

Marketable securities 18,000

Accounts receivable 120,000

Inventories 375,000

Prepaid expenses 12,000

Accounts payable 75,000

Long-term debt - current portion 20,000

Long-term debt 400,000

Sales 1,650,000

What is the acid-test (or quick) ratio for Sycamore?

A. 1.97

B 2.13

C 5.63

D 1.56

Reference no: EM132350702

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