Joxx29
18.11.2020 •
Social Studies
What is the theory of continental drift? What did Alfred Wegener notice that helped him to create this theory?
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Ответ:
0.35
Explanation:
Calculation to determine what The corporation's acid-test ratio is closest to:
First step is to calculate the Quick assets
Using this formula
Quick assets = Cash + Marketable securities + Accounts receivable + Short-term notes receivable
Let plug in the formula
Quick assets= $51,000 + $52,000 + $ 11,800 + $0
Quick assets= $114,800
Now let calculate the Acid-test ratio
Using this formula
Acid-test ratio = Quick assets ÷ Current liabilities
Let plug in the formula
Acid-test ratio = $114,800 ÷ $ 328,000
Acid-test ratio = 0.35
Therefore The corporation's acid-test ratio is closest to:0.35