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Current position analysis the three measures were computed as follows: Current assets: Current ratio 1 . 6 $ 4 8 0 , 0 0 0
Current position analysis
the three measures were computed as follows:
Current assets:
Current ratio $$
Quick ratio $$
a Find the errors in the determination of the three measures of current position analysis. Then provide the correct amounts below. If required, round the ratios to one decimal place.
Working capital
$
Current ratio
Quick ratio
b Is the company satisfying the terms of the bond indenture?
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