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K The financial statements of Denison Furniture Company include the following items Cash 2025 $54,500 2024 $48,000 Short-term Investments 27,000 10,000 Net Accounts Receivable 96,000
K The financial statements of Denison Furniture Company include the following items Cash 2025 $54,500 2024 $48,000 Short-term Investments 27,000 10,000 Net Accounts Receivable 96,000 102,000 Merchandise Inventory 163,000 147,000 Total Assets 529,000 549,000 Total Current Liabilities 231,000 211,000 Long-term Note Payable 59,000 56,000 What is the 2025 cash ratio? (Round your answer to two decimal places) OA. 0.35 OB. 0.1 OC. 0.24 OD. 0.19
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Managerial Accounting Strayer University
Authors: Strayer University
3rd Custom Edition
0077234804, 978-0077234805
