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Use the following information on current assets and current

Use the following information on current assets and current liabilities to compute and interpret the acid test ratio. Explain what the acid test ratio of a company measures.

Cash . . . . . . . . . . . . . . . . . . . . $ 1,490
Accounts receivable . . . . . . . . 2,800
Inventory . . . . . . . . . . . . . . . . 6,000
Prepaid expenses . . . . . . . . . . $ 700
Accounts payable . . . . . . . . . 5,750
Other current liabilities . . . . . 850

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