Question
Delta Industries has $15,000 in cash, $10,000 in accounts receivable, and $25,000 in inventory. Its current liabilities include $12,000 in accounts payable and $8,000 in
Delta Industries has $15,000 in cash, $10,000 in accounts receivable, and $25,000 in inventory. Its current liabilities include $12,000 in accounts payable and $8,000 in short-term loans. Calculate the current ratio for Delta Industries.
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
