What is snow ?acid-test ratio


Problem: At? year-end, Snow?, Inc. has cash of $ 9 comma 000?, current accounts receivable of $ 50 comma 000?, merchandise inventory of $ 21 comma 000?, and prepaid expenses totaling $ 4 comma 100. Liabilities of $ 20 comma 000 must be paid next year. What is Snow's ?acid-test ratio? ?(Round your answer to two decimal? places.) Question content area bottom Part 1 A.2.95 2.95 B.4.00 4.00 C.0.45 0.45 D. Cannot be determined from the data given

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is snow ?acid-test ratio
Reference No:- TGS03418104

Expected delivery within 24 Hours