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What is your acid-test ratio

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At year-end, your company has cash of $11,600, receivables of $48,900, inventory of $37,900, and prepaid expenses totaling $5,100. Liabilities of $55,900 must be paid next year. What is your acid-test ratio?

a. 1.08
b. 0.21
c. 1.76
d. Cannot be determined from the data given

Reference no: EM13507214

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