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Muckerheide's Educational Research and Consulting has current assets of $2,548,000, current liabilities of $1,911,000, and liquid assets of $1,146,600. Determine the Current Ratio, the Acid-Test
Muckerheide's Educational Research and Consulting has current assets of $2,548,000, current liabilities of $1,911,000, and liquid assets of $1,146,600. Determine the Current Ratio, the Acid-Test Ratio, and evaluate the health of the company. The Current Ratio for Muckerheide's is to 1. (Round to the nearest hundredth.) The Acid-test Ratio is to 1. (Round to the nearest hundredth.) By common rules of thumb, OA. Both ratios indicate a healthy company. B. The Current Ratio suggests good financial condition, but the Acid-Test Ratio is too low. OC. Both ratios suggest that Muckerheide's may have difficulties
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