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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Accounting An Introduction
Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan
5th Edition
0273733206, 978-0273733201
