Chapter 17 Quiz-12

3 31 pm attempt number 22 1515 aacid test ratio is

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Unformatted text preview: r: 2/2 15/15 a.Acid-test ratio is calculated by adding cash, marketable securities, and receivables, then dividing that sum by current liabilities. It is a measure of a firm's short-term liquidity. Acid-test ratio = (cash + marketable securities + receivables)/curr ent liabilities = ($40,000 + 0 + $20,000)/$30,000 = 2.0. 4 Chapter 17 Quiz Thomas,Morgan 5/7/2013 2:01: Grade: 33.3% 31 PM Attempt Number: 2/2 5 15/15...
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