Smith Corporation has current assets of $11,400, inventories of $4,000, - 3751

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Request Description

  Smith Corporation has current assets of $11,400, inventories of $4,000, and a current ratio of 2.6. What is Smith’s acid-test ratio?

a.   1.69

b.   0.54

c.   0.74

d.   1.35

 

Solution Description

  Smith Corporation has current assets of