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ABC Co. is a retail company and its selected financial statements items are given as following. Its Total Assets equals to 50.000 TL, current assets equals to 30.000, total short- term liabilities equals to 20.000 TL, long-term liabilities 14.000 TL, equity equals to 16.000 TL, inventory equals to 10.000 TL, account receivable equity equals to 8.000 TL, account payable equity equals to 6.000 TL. Please calculate acid-test of ABC Co.?

ABC Co. is a retail company and its selected financial statements items are given as following. Its Total Assets equals to 50.000 TL, current assets equals to 30.000, total short- term liabilities equals to 20.000 TL, long-term liabilities 14.000 TL, equity equals to 16.000 TL, inventory equals to 10.000 TL, account receivable equity equals to 8.000 TL, account payable equity equals to 6.000 TL. Please calculate acid-test of ABC Co.?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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ABC Co. is a retail company and its selected financial statements items are given as following. Its Total 7 - Assets equals to 50.000 TL, current assets equals to 30.000, total short- term liabilities equals to 20.000 TL, long-term liabilities 14.000 TL, equity equals to 16.000 TL, inventory equals to 10.000 TL, account receivable equity equals to 8.000 TL, account payable equity equals to 6.000 TL. Please calculate acid-test of ABC Co.? a) 2 0137 b) 1 c) 1,5 d) 2,5.
Transcribed Image Text:ABC Co. is a retail company and its selected financial statements items are given as following. Its Total 7 - Assets equals to 50.000 TL, current assets equals to 30.000, total short- term liabilities equals to 20.000 TL, long-term liabilities 14.000 TL, equity equals to 16.000 TL, inventory equals to 10.000 TL, account receivable equity equals to 8.000 TL, account payable equity equals to 6.000 TL. Please calculate acid-test of ABC Co.? a) 2 0137 b) 1 c) 1,5 d) 2,5.
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