Question
A corporation has current assets of $3,203,000, current liabilities of $2,150,000, total assets of $10,000,000 and total liabilities of $6,000,000. If it pays $200,000
A corporation has current assets of $3,203,000, current liabilities of $2,150,000, total assets of $10,000,000 and total liabilities of $6,000,000. If it pays $200,000 of its accounts payable what will its current ratio be? (rounded)
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
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