Question
For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $49,000, accounts receivable $139,000, inventories $106,000, prepaid expenses $21,000, accounts payable
For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $49,000, accounts receivable $139,000, inventories $106,000, prepaid expenses $21,000, accounts payable $95,000, and accrued expenses $64,000.Use this information to determine the Current Ratio. (Round & enter your answers to one decimal place.)
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Management And Cost Accounting
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
7th Edition
1292232668, 978-1292232669
