Reference no: EM132996041
Presented below is information available for Radon Corp.:
Current Assets
Cash......................................................... $ 8,000
Marketable securities............................... 150,000
Accounts receivable.................................. 122,000
Inventories............................................... 220,000
Prepaid expenses.................................... 60,000
Total current assets.......................... $560,000
Problem 1: Total current liabilities are $100,000. To two decimals, Radon's acid-test ratio is
Option 1: 5.30.
Option 2: 2.80.
Option 3: .36.
Option 4: 5.60.
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