Question
Cotuit Company has a current ratio of 4.0 and an acid-test ratio of 3.1. The company's current assets consist of cash, marketable securities, accounts receivable,
Cotuit Company has a current ratio of 4.0 and an acid-test ratio of 3.1. The company's current assets consist of cash, marketable securities, accounts receivable, and inventory. The company's inventory is $36,000. Cotuit Company's current liabilities must be: (Round your intermediate calculations to 1 decimal place.)
| $36,000 | |
| $40,000 | |
| $32,400 | |
| $124,000 |
|
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Evidence Based Audit In General Practice
Authors: Richard Baker, Robin C. Fraser MD FRCGP, Mayur Lakhani MRCP MRCGP DCH
1st Edition
075063104X, 978-0750631044
