Answered: Given an acid-test ratio of 2.0,…

Given an acid-test ratio of 2.0, current assets of Ph5,000 and inventory of Ph2,000, the value of current liabilities is a. Ph1,500 b. Ph 2,500 c. Ph 3,500 d. Ph6,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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Question

Given an acid-test ratio of 2.0, current assets of Ph5,000 and inventory of Ph2,000, the value of current liabilities is

a. Ph1,500

b. Ph 2,500

c. Ph 3,500

d. Ph6,000

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