Question
Information from Brian Company's balance sheet is as follows: Current assets: Cash Investment securities Accounts receivable Inventories Prepaid expenses Total current assets Current liabilities:
Information from Brian Company's balance sheet is as follows: Current assets: Cash Investment securities Accounts receivable Inventories Prepaid expenses Total current assets Current liabilities: Notes payable Accounts payable Accrued expenses Income taxes payable $ 1,200,000 3,750,000 28,800,000 33,150,000 600,000 $67,500,000 $ 750,000 9,750,000 6,250,000 250,000 Payments due within one year on long- term debt Total current liabilities What is Brian's current ratio? 1,750,000 $18,750,000
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
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