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Foremost Manufacturing wants to buy $50,000 of sheet metal from Ore Industries on credit. Before agreeing to the sale, Ore decides to evaluate Foremost's financial
Foremost Manufacturing wants to buy $50,000 of sheet metal from Ore Industries on credit. Before agreeing to the sale, Ore decides to evaluate Foremost's financial status. Of the following potential findings from Foremost's financial statements, which would lead Ore to refuse to sell the metal on credit? Select answer from the options below Current liabilities are $450,000 and its current assets are $575,000. Accounts receivable are $22,000 and its accounts payable are $11,000. Accounts receivable are $21,000 and its current liabilities are $13,000. Current assets are $450,000 and its current liabilities are $575,000
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