Please do not give solution in image format thanku edenorsPritchett Co. reported the following year-end data:CashShort-term investmentsAccounts receivable (current)InventoryOther current assetsTotal current liabilitiesCompute the (a) current ratio and (b) acid-test ratio.Current Ratio Acid Test RatioComplete this question by entering your answers in the tabsCompute the current ratio.Complete this question by entering your answers in the tabs below.Choose Numerator:Complete this question by entering your answers in the tabs below.Current Ratio Acid Test RatioCurrent Ratio/ Choose Denominator:11Compute the acid-test ratio.Choose NumeratonAcid Test RateCurit Bati=#CRMAS$20,800$ 7,400Current RatioCurrent ratio$16,000$32,900Choose Dessinate$18, 100$34,000to 1Acid Test Ratio >Acid Test RatioAcifestt

Current ratio is calculated by dividing current assets by current liabilities. Acid test ratio is…

Pritchett Co. reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Other current assets Total current liabilities Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs Current Ratio Acid Test Ratio Complete this question by entering your answers in the tabs below. Compute the current ratio. Choose Numerator: Current Ratio Acid Test Ratio Current Ratio /Choose Denominator: Complete this question by entering your answers in the tabs below. Compute the acid-test ratio. 1 1 Choose Numeraton Acht Test Radio Curit Rat = = $20,800 $ 7,400 Current Ratio Current ratio $16,000 $32,900 $18,100 $34,000 Chacre Dessinate to 1 Acid Test Ratio > Acid Test Ratio Acid

Pritchett Co. reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Other current assets Total current liabilities Compute the (a) current ratio and (b) acid-test ratio. Complete this question by entering your answers in the tabs Current Ratio Acid Test Ratio Complete this question by entering your answers in the tabs below. Compute the current ratio. Choose Numerator: Current Ratio Acid Test Ratio Current Ratio /Choose Denominator: Complete this question by entering your answers in the tabs below. Compute the acid-test ratio. 1 1 Choose Numeraton Acht Test Radio Curit Rat = = $20,800 $ 7,400 Current Ratio Current ratio $16,000 $32,900 $18,100 $34,000 Chacre Dessinate to 1 Acid Test Ratio > Acid Test Ratio Acid

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter3: Financial Statements, Tools, And Budgets

Section: Chapter Questions

Problem 3DTM

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Pritchett Company reported the following year-end data: Cash Short-term investments Accounts receivable (current) Inventory Prepaid (current) assets Total current 1iabilities $ 20, 100 8, 500 13,400 24, 000 6,800 28, 000 Compute the (a) current ratio and ( acid-test ratio. Complete this question by entering your answers in the tabs below. Currlat Ratio Acid Test Ratio Compute the current ratio. Current Ratio Current Ratio Numerator: Denominator: Current assets Current liabilities Current ratio 72.800 %24 28,000 2.6 to 1 %3 Acid Test Ratio>
Suppose that you are doing a financial statement analysis. Assume you took a financial statement and divided every entry amount in the statement by the amount of total assets. The resulting statement is commonly called a? current ratio common base year income statement common size balance sheet common size income statement common base year balance sheet .DO NOT GIVE PLAGRIZED ANSWER
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