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Consider the following Balance Sheet (in thousands): Cash $74 Short-term investment $147 Accounts receivable $727 Inventory $27 Long-term Investments $125 Net property, plant, and equipment
- Consider the following Balance Sheet (in thousands):
- Cash $74
- Short-term investment $147
- Accounts receivable $727
- Inventory $27
- Long-term Investments $125
- Net property, plant, and equipment $81
- Notes payable $13
- Accounts payable $40
- Salaries and Benefits $496
- Long-term Debt $154
- Equity $478
- What is the Current ratio for this business? Is this business utilizing its assets efficiently? Explain with ratio analysis.
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
17th Edition
1260247783, 978-1260247787
