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Selected financial data from Barrymore Co. are As of December 31 Cash $75,000 Accounts receivable (net)...

Selected financial data from Barrymore Co. are

As of December 31
Cash $75,000
Accounts receivable (net) 225,000
Merchandise inventory 270,000
Trading securities (current) 40,000
Land and building (net) 500,000
Mortgage payable-current portion 30,000
Accounts payable and accrued liabilities

2,000
Short-term notes payable 50,000
Year Ended December 31
Sales $1,500,000
Cost of goods sold

900,000

Barrymore’s quick (acid-test) ratio as of December 31 is

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ekkarill92 answered 3 years ago
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