Question
Assume that the current ratio for Arch Company is 3.0, its acid-test ratio is 1.5, and its working capital is $350,000. Answer each of the
Assume that the current ratio for Arch Company is 3.0, its acid-test ratio is 1.5, and its working capital is $350,000. Answer each of the following questions independently, always referring to the original information.
Required: |
a. | How much does the firm have in current liabilities? (Round your final answer to nearest whole dollar.)
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