Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

lightning electric last year had cost of goods sold of R 150000 and its inventory turnover was 6,0 the companys current assets were R300 000

lightning electric last year had cost of goods sold of R 150000and its inventory turnover was 6,0 the companys current assets were R300 000 rands its quick ratio was 2,0 what is the companys current ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting The Impact On Decision Makers

Authors: Gary A. Porter, Curtis L. Norton

2nd Edition

0030270995, 978-0030270994

More Books

Students also viewed these Accounting questions

Question

How competitive is the external environment of your organization?

Answered: 1 week ago

Question

What other organizations compete on this issue?

Answered: 1 week ago

Question

What significant opposition exists?

Answered: 1 week ago