Please help Shown below is the balance sheet of Blockchain Services Inc., what is the acid ratio?AssetLiabilitiesPayables .Notes due..Cash .P 10,000.00P 12,000.00P 7,000.00P 20,000.00P 49,000.00P 17,000.00P 6,000.00P 3,000.00P 23,000.00P 49,000.00Receivables..Long term debt..Owner's equity..Inventory..Capital Equipment .Total:Total:

Acid test ratio is one of the liquidity ratio of business, which shows how much liquid assets are…

Shown below is the balance sheet of Blockchain Services Ic., what is the acid ratio? Asset Liabilities P 10,000.00 P 12,000.00 P 7,000.00 P 20,000.00 Payables . Notes due . Long term debt. . Owner's equity.. . P 17,000.00 P 6,000.00 P 3,000.00 P 23,000.00 Cash. Receivables . Inventory. . Capital Equipment . Total: e 19.000 00 Total: 8 19.00 0 .00

Shown below is the balance sheet of Blockchain Services Ic., what is the acid ratio? Asset Liabilities P 10,000.00 P 12,000.00 P 7,000.00 P 20,000.00 Payables . Notes due . Long term debt. . Owner's equity.. . P 17,000.00 P 6,000.00 P 3,000.00 P 23,000.00 Cash. Receivables . Inventory. . Capital Equipment . Total: e 19.000 00 Total: 8 19.00 0 .00

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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