Question
A company has current assets of $90,000 and its current ratio is 2.5. Assume that the company pays off some accounts payable in the amount
A company has current assets of $90,000 and its current ratio is 2.5. Assume that the company pays off some accounts payable in the amount of $4,000. The current ratio after this transaction is closest to:
A. 2.39
B. 2.69
C. 2.50
D. 2.81
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Financial Accounting
Authors: Harrison, Horngren, Thomas
1st Edition
0558823513, 978-0558823511
