Question
A company with current assets of $100,000 and current liabilities of $50,000 uses $10,000 in cash to pay off a current liability. After this transaction,
A company with current assets of $100,000 and current liabilities of $50,000 uses $10,000 in cash to pay off a current liability. After this transaction, the company current ratio will equal.
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
