Question
If General Motors purchases equipment with a cost of 100,000,000 with a down payment of 50,000,000 and the balance on a long-term note, what would
If General Motors purchases equipment with a cost of 100,000,000 with a down payment of 50,000,000 and the balance on a long-term note, what would be their new Current Ratio?
The old ratio from the year of 2018 Current Ratio 91.56% and the debt to assets ratio 81.18%
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Finance Directors Handbook
Authors: Glynis D Morris, Sonia McKay, Andrea Oates
5th Edition
1566768691, 978-1566768696
