It is a fourteen part question Andrew Navejas 09/15/23 10:48 PM Home -...
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Accounting
It is a fourteen part question
Andrew Navejas 09/15/23 10:48 PM Home - X similar to) HW Score: 38%, 38 of 100 points Assic Data table c Save Points: 2.4 of 30 - Ass pho - X Selected income statement data for the current year. ass Data table Best Digital Every Zone Net Sales Revenue (all on credit) $ 416,830 $ 494,940 Selected balance sheet and market price data at the end of the current year: Cost of Goods Sold 209,000 258,000 Best Digital Every Zone V Interest Expense 14,000 Net Income Current Assets: 49,000 68,000 Cash 28,000 $ 16,000 Short-term Investments 39,000 17,000 Accounts Receivables, Net 40,000 45,000 Print Done Merchandise Inventory 67,000 99,000 Red Prepaid Expenses 19,000 15,000 Beg 192,000 Total Current Assets $ 193,000 $ Acid-test ratio = (Cash + Short-term investments + Accounts receivable, net) + Total current liabilities Total Assets 264,000 $ 324,000 Now, compute the acid-test ratio for both companies. (Round your answers to two decimal places, XXX.) Total Current Liabilities 100,000 96,000 Total Liabilities 128,000 O Best Digital Every Zone 100,000 Acid-test ratio Common Stock: Print Done Help me solve this Calculator Ask my instructor USD/JPY 10:48 PM +0.24% Q Search BILOCOLON 9/15/2023 14
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