WPM, Inc. has current assets of $8,000,000, current liabilities of $4,
WPM, Inc. has current assets of $8,000,000, current liabilities of $4,000,000, inventory of $1,320,000,
and sales of $12,000,000. What is the acid test ratio?
A) 0.1 B) 1.67 C) 0.22 D) 2.0
ANSWER
B
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