Homework Answers
| Current Assets = Cash & Cash Equivalents+ Inventory+ Accounts Receivables |
| Current Assets = +50000+225000+125000 |
| Current Assets= 400000 |
| Current Liabilities = Accounts Payable+ Short-Term Debt |
| Current Liabilities = +185000+125000 |
| Current Liabilities= 310000 |
| Quick or acid test ratio = (current assets-inventory)/current liablities |
| Quick or acid test ratio = (400000-225000)/310000 |
| Quick or acid test ratio = 0.5645 |
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