JDLs current ratio is: (a) 1.0 to 1. (b) 0.7 to 1. (c) 1.5 to 1. (d)
Question:
JDL’s current ratio is:
(a) 1.0 to 1.
(b) 0.7 to 1.
(c) 1.5 to 1.
(d) 2.4 to 1.
Transcribed Image Text:
JDL Corporation Selected Financial Data, December 31, 2024 Current assets $150,000 Current liabilities 100,000 Inventories 50,000 Accounts receivable 40,000 Net sales 900,000 Cost of goods sold 675,000
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Related Book For
Understanding Financial Statements
ISBN: 9780138114404
12th Edition
Authors: Lyn Fraser, Aileen Ormiston
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