Question
4. The balance sheet of GR Inc., shows the following: current assets: $200,000; total assets: $1,000,000; current liabilities: $50,000; total liabilities: $600,000; and stockholders' equity:
4. The balance sheet of GR Inc., shows the following: current assets: $200,000; total assets: $1,000,000; current liabilities: $50,000; total liabilities: $600,000; and stockholders' equity: $400,000. What is GR's current ratio:
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
