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Kramer Industries has cash of $39,000; net Accounts Receivable of $45,000; short-term investments of $12,000 and inventory of $31,000. It also has $30,000 in current
Kramer Industries has cash of $39,000; net Accounts Receivable of $45,000; short-term investments of $12,000 and inventory of $31,000. It also has $30,000 in current liabilities and $57,000 in long-term liabilities. What is the current ratio for Kramer Industries? 2.58 1.9 3.2 4.23
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
