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LeBron's Kids Camps has a current ratio of 0.86 to 1, based on current assets of $6 million and current liabilities of $7 million. a-1.
LeBron's Kids Camps has a current ratio of 0.86 to 1, based on current assets of $6 million and current liabilities of $7 million. a-1. How, if at all, will a $570,000 cash purchase of inventory affect the current ratio? a-2. What would be the new current ratio? (Round your answer to 2 decimal places.) b-1. How, if at all, will a $570,000 purchase of inventory on account affect the current ratio? b-2. What would be the new current ratio? (Round your answer to 2 decimal places.)
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