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What is this firm acid test ratio

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Question - What is the acid test ratio for the firm with the following data?

Net worth: $5,000

A/P: $40,000

Inventory: $50,000

Current bills: $10,000

Mortgage: $75,000

A/R: $50,000

Sales: $250,000

Cash: $25,000

COGS: $100,000

Required - What is this firm's acid test ratio?

Reference no: EM133047286

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