Question
Liquidity Ratios: You have the following information on Marco's Polo Shop: Total liabilities and equity = $211 million ; current liabilities=$51 million, inventory =$66 million
Liquidity Ratios: You have the following information on Marco's Polo Shop: Total liabilities and equity = $211 million ; current liabilities=$51 million, inventory =$66 million , and quick ratio = 2.4 times . Using this information , what is the balance for fixed assets on Marco Polo's balance sheet ?
A- $22.6 m
B-$52.6 m
C -$88.6 m
D -$94 m
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Managerial Accounting
Authors: Carl S Warren, James M Reeve, Jonathan Duchac
12th Edition
1133952402, 978-1133952404
