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QUESTION
24 Behen Corporation has an acid-test ratio of 1.0 to 1 and a current ratio of 2.0 to 1.
24Behen Corporation has an acid-test ratio of 1.0 to 1 and a current ratio of 2.0 to 1. If current assets equal $120,000, of which $5,000 is prepaid expenses, what must Behen Corporation’s inventory be?
Behen Corporation has an acid-test ratio of 1.0 to 1 and a current ratio of 2.0 to 1. If current assets equal $120,000, of which $5,000 is prepaid expenses, what must Behen Corporation’s...