Data from Weichbrodt Corporation's most recent balance sheet appear below:
$\begin{array}{lr}
\text {Cash }&\$ 15,000 \
\text {Marketable securities }&\$ 26,000 \
\text {Accounts receivables. }&\$ 37,000 \
\text { Inventory}&\$ 51,000 \
\text {Prepaid expenses }&\$ 17,000 \
\text {Current liabilities. }&\$ 102,000
\end{array}$
Required:
Compute the company's acid-test ratio.Show your work!

Question

Data from Weichbrodt Corporation's most recent balance sheet appear below: 
$\begin{array}{lr}
\text {Cash }&\$ 15,000 \
\text {Marketable securities }&\$ 26,000 \
\text {Accounts receivables. }&\$ 37,000 \
\text { Inventory}&\$ 51,000 \
\text {Prepaid expenses }&\$ 17,000 \
\text {Current liabilities. }&\$ 102,000
\end{array}$ 
Required:
Compute the company's acid-test ratio.Show your work!

Quizplus · Accepted Answer

The Answer of Data from Weichbrodt Corporation's most recent balance sheet appear below: 
$\begin{array}{lr}
\text {Cash }&\$ 15,000 \
\text {Marketable securities }&\$ 26,000 \
\text {Accounts receivables. }&\$ 37,000 \
\text { Inventory}&\$ 51,000 \
\text {Prepaid expenses }&\$ 17,000 \
\text {Current liabilities. }&\$ 102,000
\end{array}$ 
Required:
Compute the company's acid-test ratio.Show your work!

Data from Weichbrodt Corporation's Most Recent Balance Sheet Appear Below