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The company's acid-test ratio as of the balance sheet date is: * The following data is taken from the balance sheet of Bulldogs Inc. as of December 2021: Accounts payable P145,000 Accounts receivable 110,000 4,000 Accrued liabilities Cash Income tax payable Inventory Marketable securities 85,000 10,000 140,000 250,000 Notes payable - short term Prepaid expenses 85,000 15,000 O 2.02 O 1.82 O 2.40 O 1.76 O 1.80

The company's acid-test ratio as of the balance sheet date is: * The following data is taken from the balance sheet of Bulldogs Inc. as of December 2021: Accounts payable P145,000 Accounts receivable 110,000 4,000 Accrued liabilities Cash Income tax payable Inventory Marketable securities 85,000 10,000 140,000 250,000 Notes payable - short term Prepaid expenses 85,000 15,000 O 2.02 O 1.82 O 2.40 O 1.76 O 1.80

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The company's acid-test ratio as of the balance sheet date is: * The following data is taken from the balance sheet of Bulldogs Inc. as of December 2021: P145,000 Accounts payable Accounts receivable Accrued liabilities 110,000 4,000 85,000 10,000 Cash Income tax payable |Inventory Marketable securities Notes payable - short term Prepaid expenses 140,000 250,000 85,000 15,000 O 2.02 O 1.82 O 2.40 O 1.76 O 1.80
Transcribed Image Text:The company's acid-test ratio as of the balance sheet date is: * The following data is taken from the balance sheet of Bulldogs Inc. as of December 2021: P145,000 Accounts payable Accounts receivable Accrued liabilities 110,000 4,000 85,000 10,000 Cash Income tax payable |Inventory Marketable securities Notes payable - short term Prepaid expenses 140,000 250,000 85,000 15,000 O 2.02 O 1.82 O 2.40 O 1.76 O 1.80
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