Using the following year-end information for Calvin's Clothing, Inc., calculate the current ratio and acid-test ratio for the business:
A)1.80 and 1
B)1.97 and 1.52
C)2.73 and 1.52
D)3.50 and 0.90
E)1.80 and 0.90

Question

Using the following year-end information for Calvin's Clothing, Inc., calculate the current ratio and acid-test ratio for the business: 
A)1.80 and 1 
B)1.97 and 1.52 
C)2.73 and 1.52 
D)3.50 and 0.90 
E)1.80 and 0.90

Quizplus · Accepted Answer

The Answer of Using the following year-end information for Calvin's Clothing, Inc., calculate the current ratio and acid-test ratio for the business: 
A)1.80 and 1 
B)1.97 and 1.52 
C)2.73 and 1.52 
D)3.50 and 0.90 
E)1.80 and 0.90

Using the Following Year-End Information for Calvin's Clothing, Inc