A skeleton of Katheys Florals balance sheet appears as follows (amounts in thousands): Use the following ratio

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A skeleton of Kathey€™s Florals€™ balance sheet appears as follows (amounts in thousands):

Use the following ratio data to complete Kathey€™s Florals€™ balance sheet:
a. Debt ratio is 0.56.
b. Current ratio is 1.20.
c. Quick (acid-test) ratio is0.460.

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Financial Accounting

ISBN: 978-0133427530

10th edition

Authors: Walter Harrison, Charles Horngren, William Thomas

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Question Posted: Jul 25, 2014 08:47 AM

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A skeleton of Katheys Florals balance sheet appears as follows (amounts in thousands): Use the following ratio

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