Clean Water Softener Systems has Cash of $600, Accounts Receivable of $900, and Office Supplies of $400.
Question:
Clean Water Softener Systems has Cash of $600, Accounts Receivable of $900, and Office Supplies of $400. Clean owes $500 on Accounts Payable and has Salaries Payable of $200. Clean’s current ratio is
a.2.71
b.2.50
c.0.63
d.0.37
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To calculate the current ratio you need to divide the companys current assets by its current liabili...View the full answer
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Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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