Question
I'm stuck on this question. https://www.chegg.com/homework-help/questions-and-answers/solve-amount-firm-abc-s-cash-given-following-data-abc-current-ratio-equal-25-abc-quick-rat-q11229031 How is cash = 15,600? From what I can tell, 15,600 is the inventory. Subtracting 15,600 from current assets
I'm stuck on this question. https://www.chegg.com/homework-help/questions-and-answers/solve-amount-firm-abc-s-cash-given-following-data-abc-current-ratio-equal-25-abc-quick-rat-q11229031
How is cash = 15,600? From what I can tell, 15,600 is the inventory. Subtracting 15,600 from current assets gives you 14,400 (shouldn't 14,400 be ABBC's cash?)
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
3rd Edition
0471372668, 978-0471372660
