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KLM Corporation's quick assets are $6,095,000, its current assets are $13,245,000 and its current liabilities are $8,127,000. Its acid-test ratio equals:______. a. 0.61.b. 0.75.c. 0.46.d. 2.38.e. 1.33.
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KLM Corporation's quick assets are $6,095,000, its current assets are $13,245,000 and its current liabilities are $8,127,000. Its acid-test ratio equals:______.

a. 0.61.b. 0.75.c. 0.46.d. 2.38.e. 1.33.

User Sambowry
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1 Answer

6 votes

Answer:

0.75

Step-by-step explanation:

KLM corporation has a quick assets of $6,095,000

The current liabilities is $8,127,00

Therefore the acid test ratio can be calculated as follows

Acid test ratio= quick assets/Current liabilities

= $6,095,000/8,127,000

= 0.75

User Arpit Agarwal
by
5.1k points
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