Given the following information, compute the current and quick ratios: Cash............ $100,000 Accounts receivable..... 357,000 Inventory............ 458,000
Question:
Cash............ $100,000
Accounts receivable..... 357,000
Inventory............ 458,000
Current liabilities....... 498,000
Long-term debt....... 610,000
Equity............ 598,000
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Current ratio Current assets 100000 357000 ...View the full answer
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Related Book For 
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo
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