Question
. EF Company has provided the following data: Inventory and prepaid expenses ................ $36,000 Current ratio .............................................. 2.4 Acid-test ratio ............................................ 1.6 EF Company's current
. EF Company has provided the following data:
Inventory and prepaid expenses ................ $36,000
Current ratio .............................................. 2.4
Acid-test ratio ............................................ 1.6
EF Company's current liabilities are:
A) $60,000
B) $30,000
C) $45,000
D) $48,000
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
6th edition
133852105, 978-0133852103
