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Assume that a companys current ratio is 3.0, working capital is $335,000, and the acid-test ratio is 1.2. Required: How much does the company have
Assume that a companys current ratio is 3.0, working capital is $335,000, and the acid-test ratio is 1.2.
Required:
- How much does the company have in current assets?
- If the only current assets shown on the balance sheet are Cash, Accounts Receivable, and Merchandise Inventory, how much does the company have in Merchandise Inventory?
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
