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1. Award: 3.00 points Assume that a company's current ratio is 3.0, working capital is $350,000, and the acid-test ratio is 1.2. Required: a. How
1. Award: 3.00 points Assume that a company's current ratio is 3.0, working capital is $350,000, and the acid-test ratio is 1.2. Required: a. How much does the company have in current assets? b. If the only current assets shown on the balance sheet are Cash, Accounts Receivable, and Merchandise Inventory, how much does the company have in Merchandise Inventory? a. Current assets b. Merchandise Inventory References Worksheet Difficulty: 2 Medium Learning Objective: Calculations and Ratios 
Assume that a company's current ratio is 3.0 , working capital is $350,000, and the acid-test ratio is 1.2. Required: a. How much does the company have in current assets? b. If the only current assels shown on the balance sheet are Cash, Accounts Receivable, and Merchandise Inventory, how much does the company have in Merchandise Inventory
1. Award: 3.00 points Assume that a company's current ratio is 3.0, working capital is $350,000, and the acid-test ratio is 1.2. Required: a. How much does the company have in current assets? b. If the only current assets shown on the balance sheet are Cash, Accounts Receivable, and Merchandise Inventory, how much does the company have in Merchandise Inventory? a. Current assets b. Merchandise Inventory References Worksheet Difficulty: 2 Medium Learning Objective: Calculations and Ratios
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