Question
Cotuit Company has a current ratio of 3.4 and an acid-test ratio of 2.6. The company's current assets consist of cash, marketable securities, accounts receivable,
Cotuit Company has a current ratio of 3.4 and an acid-test ratio of 2.6. The company's current assets consist of cash, marketable securities, accounts receivable, and inventories. Inventory equals $50,000. Cotuit Company's current liabilities must be:
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Financial Accounting Reporting And Analysis
Authors: Michael Diamond, James Stice, Earl K. Stice, James D. Stice
5th Edition
0538873019, 978-0538873017
