Question
Larry's Discount Emporium has current notes payable of $500, long-term debt of $1,900, inventory of $900, total current assets of $5,000, accounts payable of $850,
Larry's Discount Emporium has current notes payable of $500, long-term debt of $1,900, inventory of $900, total current assets of $5,000, accounts payable of $850, and accrued expenses of $600. What is Larry's current ratio?
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
324663854, 978-0324663853
