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Question: calculate the acidtest ratio assets liabilities cash 200 000...

Question details

Calculate the acid-test ratio.

Assets Liabilities
Cash = 200 000 Accounts Payable = 100 000
Accounts Receivable = 200 000 Taxes = 400 000
Building and Equipment = 2 000 000 Long Term Loans = 1 500 000
Land = 3 000 000 `
Total Assets = 5 500 000 Total Liabilities = 2 000 000
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