Question
Based on the following data, what is the current ratio, rounded to one decimal place? Accounts payable Accounts receivable $30,000 63,000 Accrued liabilities Cash
Based on the following data, what is the current ratio, rounded to one decimal place? Accounts payable Accounts receivable $30,000 63,000 Accrued liabilities Cash Fixed assets 5,000 31,500 670,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Prepaid expenses 1,000 Temporary investments 38,500
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
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