Homework: Chapter 8 Score: 0 of 3 pls S8-13 (book/static) Save 7017 (0 compete H

Question

Homework: Chapter 8 Score: 0 of 3 pls S8-13 (book/static) Save 7017 (0 compete HW Score: 0%, 0 of 25 pis (Cick the icon to view te franc al data) Comp te Shers (ajacldtost atio, (b 2ccounts receivable tu no er radD and ic) days salas h rocehables ter te year endr Aprl ] 2010. Lvaluate each ratio alue 2s stron or weak Ivor scls cn terms of net Round days salos n recor a les to a whole number (a) Computssci atc. Round your final anwer to two dccimal placcs. Abbreiaton uscd: Awg -ocragc; Imcst-Icstment Lisb.-Liabiltcs Merch Merchandisc; Recc-Rccovable; Re-Rcvenuc. Auid-test ratiu Data Tabla Accounts Payabl Cash Marchandae Invery 673,720 1,000 1E5,D00 April 30, 2018 pr 20, 201 Apil 30, 2013 April 30, 2017 210,000 Short-lem Investmens 212,D0 Cther Cument Asscts 148,000 128,000 Lona-term Liabilties 130,000 Chouse Iri ay Isl or enlter any number in the rpul elds annd then dik Ck Arswe.

Explanation / Answer

(Cash+Accounts Receivable, net+Short-term investments)/Current liabilities=Acid-test ratio (673720+11000+148000)/516000= 1.61

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