Question

current ratio=2.6:1 and current asset=390000,stock=90000.calculate acid test ratio​

Answer 1

Answer:

Look into the following images for answer

Answer 2

Acid-test ratio

Explanation:

Given:

Current ratio = 2.6 : 1

Stock = 90,000

Current assets = 390,000

Current liabilities = ?

Computation:

Current ratio = Current assets / Current liabilities

2.6 = 390,000 / Current liabilities

Current liabilities = 390,000 / 2.6

Current liabilities = 150,000

Acid-test ratio = (Current assets - Stock) / Current liabilities

Acid-test ratio = (390,000 - 90,000 ) / 150,000

Acid-test ratio = (300,000) / 150,000

Acid-test ratio = 2:1

Learn more:

https://brainly.in/question/3792504

#learnwithbrainly