Question
Samuel Air Conditioning & Heating had the following select financial data as of June 30, 2016. Cash ........ $7,500 Cash Equivalents .. 26,250 Accounts Receivable
Samuel Air Conditioning & Heating had the following select financial data as of June 30, 2016.
Cash ………………………………......…….. $7,500
Cash Equivalents ……………………….. 26,250
Accounts Receivable ……………..…….. 4,300
Total current liabilities …………….…. 45,000
A. 0.85
B. 1.33
C. 0.17
D. 0.75
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D 075 Explanation Cash ...
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th edition
130565353X, 978-1305887510, 1305887514, 978-1305653535
