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education.wiley.com Homework Chapter 10 Comment De Home hapter 10 Question 8 of 8 < View Policies Show Attempt History Current Attempt in Progress > Sunland
education.wiley.com Homework Chapter 10 Comment De Home hapter 10 Question 8 of 8 < View Policies Show Attempt History Current Attempt in Progress > Sunland Boutique reported the following financial data for 2025 and 2024. Sunland Boutique Balance Sheet (partial) September 30 (in thousands) 2025 2024 Current assets Cash $2.598 $1,034 Accounts receivable 2.170 1,600 Inventories 1220 1,030 Other current assets 340 210 Total current assets $6.328 $3.874 Current liabilities $4.520 $2,600 (a) 921 162 9 2 W 87 # 143 S 4 55 E R L T L (b) Suppose that at the end of 2025, Sunland Boutique used $2.5 million cash to pay off $2.5 million of accounts payable. How would its current ratio change? (Round answer to 2 decimal places, e.g. 1.25:1.) Current ratio eTextbook and Media Save for Later Attempts: 0 of 3 used Submit
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