Assume a business enterprise reports its total current assets as $24,000 and its total current liabilities as

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Assume a business enterprise reports its total current assets as $24,000 and its total current liabilities as $16,000. Answer the following:

a. What is the amount of working capital?

b. What is the current ratio (also called the working capital ratio)?

c. Will the working capital or its ratio change if a transaction collects $2,800 in cash from its credit card receivables?

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Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

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Question Posted: Jun 28, 2024 10:06 AM

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Assume a business enterprise reports its total current assets as $24,000 and its total current liabilities as

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Hospitality Management Accounting

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