Homework Help: Business And Finance Mathematics

Posted by V on Saturday, January 21, 2012 at 7:04am.

Total current assests(CA)$20,000
Accounts receivable(AR) $10,000
Current Liabilities(CL) $11,000
Inventory(INV) $4,000
Net sales $30,000
Total assests $25,000
Net income $5,000

1. Calculate current ratio.

A. 1.82
B. 1.80
C. 1.28
D .182

2.Calculate acid test.
A. 1.52
B. 1.45
C. .152
D. .145

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