Question
For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $43,000, accounts receivable $149,000, inventories $98,000, prepaid expenses $23,000, accounts payable
For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $43,000, accounts receivable $149,000, inventories $98,000, prepaid expenses $23,000, accounts payable $62,000, and accrued expenses $61,000. Use this information to determine the Current Ratio. (Round & enter your answers to one decimal place.)
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Financial Accounting Fundamentals
Authors: John J. Wild
5th edition
1308500102, 1308500106, 78025753, 978-0078025754
