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Ches E13-13 Analyzing the Impact of Selected Transactions on the Current Ratio [LO4, LOS) SportChek is Canada's largest retailer of sporting goods and sports apparel
Ches E13-13 Analyzing the Impact of Selected Transactions on the Current Ratio [LO4, LOS) SportChek is Canada's largest retailer of sporting goods and sports apparel and footwear with over 130 stores across the country Assume one of the SportChek stores reported current assets of $81,000 and its current ratio was 182. Assume that the following transactions were completed a Paid $6,700 on accounts payable b. Purchased a delivery truck for $6,500 cash. c. Wrote off a bad account receivable for $2,700 d. Paid previously declared dividends in the amount of $19.000 Required: Compute the updated current ratio. (Round your answers to 2 decimal places.) Ralla Transaction Transaction Transaction Transaction
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