Question
3 Minden Co. has current assets that consist of cash, $20,000; receivables, $70,000; and inventory, $90,000. Current liabilities are $75,000. The current ratio is 2.2:1
3 Minden Co. has current assets that consist of cash, $20,000; receivables, $70,000; and inventory, $90,000. Current liabilities are $75,000. The current ratio is 2.2:1 2.4:1 1.8:1 none of the options 2.0:1
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Advanced Management Accounting
Authors: Maurice L. Hirsch Jnr.
2nd Edition
1861526768, 978-1861526762
