Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio:
A)3.01 and 1.21
B)3.16 and 0.97
C)3.04 and 1.21
D)1.09 and 4.77
E)3.16 and 1.21

Question

Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio: 
A)3.01 and 1.21 
B)3.16 and 0.97 
C)3.04 and 1.21 
D)1.09 and 4.77 
E)3.16 and 1.21

Quizplus · Accepted Answer

The Answer of Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio: 
A)3.01 and 1.21 
B)3.16 and 0.97 
C)3.04 and 1.21 
D)1.09 and 4.77 
E)3.16 and 1.21

Using the Following Year-End Information for Bauman, LLC, Calculate the Current