Question
For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $39,000, accounts receivable $115,000, inventories $124,000, prepaid expenses $22,000, accounts payable
For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $39,000, accounts receivable $115,000, inventories $124,000, prepaid expenses $22,000, accounts payable $86,000, and accrued expenses $54,000. Use this information to determine the Current Ratio. (Round & enter your answers to one decimal place.)
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Principles Of Auditing
Authors: A. Pandu
1st Edition
8189630822, 978-8189630829
