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Jones Corporation reported current assets of $187,000 and current llabilities of $132,000 on Its most recent balance sheet. The current assets co Accounts Recelvable; and $79,000 of Inventory. The acid-test (quick) ratio is: Multiple Cholce 0.60: 1. 1.4:1. 1:1. 0.82:1. 0.58:1.

Jones Corporation reported current assets of $187,000 and current llabilities of $132,000 on Its most recent balance sheet. The current assets co Accounts Recelvable; and $79,000 of Inventory. The acid-test (quick) ratio is: Multiple Cholce 0.60: 1. 1.4:1. 1:1. 0.82:1. 0.58:1.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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d current liabilities of $132,000 on its most recent balance sheet. The current assets consisted of $63,200 Cash; $44,800 est (quick) ratio is:
Transcribed Image Text:d current liabilities of $132,000 on its most recent balance sheet. The current assets consisted of $63,200 Cash; $44,800 est (quick) ratio is:
Jones Corporation reported curent assets of $187,000 and current llabilities of $132,000 on Its most recent balance sheet. The current assets cons Accounts Receivable; and $79,000 of Inventory. The acid-test (quick) ratio Is: Multiple Cholce 0.60 : 1. 1.4:1. 1:1. 0.82:1. 0.58: 1.
Transcribed Image Text:Jones Corporation reported curent assets of $187,000 and current llabilities of $132,000 on Its most recent balance sheet. The current assets cons Accounts Receivable; and $79,000 of Inventory. The acid-test (quick) ratio Is: Multiple Cholce 0.60 : 1. 1.4:1. 1:1. 0.82:1. 0.58: 1.
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