Erika Pechacek Inc. has current assets of $90,000 and current liabilities of $30,000. Its current ratio and
Question:
Erika Pechacek Inc. has current assets of $90,000 and current liabilities of $30,000. Its current ratio and working capital are:
a. .33:1; $60,000.
b. 3:1: $60,000.
c. .33:1; $90,000.
d. 3:1; $90,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Question Posted: