Question
ABC Company reports current assets of $100,000 and current liabilities of $30,000. Calculate the current ratio and the working capital for ABC Company. Now, assume
ABC Company reports current assets of $100,000 and current liabilities of $30,000. Calculate the current ratio and the working capital for ABC Company. Now, assume that ABC Company borrows $20,000 from a bank on a 3 month loan. Now, calculate the new current ratio and working capital for ABC Company.
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The Auditor An Instructional Novella
Authors: James K. Loebbecke
1st Edition
0130799769, 978-0130799760
