Question
Our Bank has required the Company to maintain a 1.2 Current Ratio. Our Current Liabilities are $4,500,000. Our Current Assets are made up of Cash,
Our Bank has required the Company to maintain a 1.2 Current Ratio. Our Current Liabilities are $4,500,000. Our Current Assets are made up of Cash, Accounts Receivable, Inventory and Prepaid Expenses. Inventory is forecasted to be 27% of the Current Assets, What is the Inventory Level?
| $1,745,000 |
| $2,122,000 |
| $1,458,000 |
| 1,642,00 |
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Audit Committee And Audit Quality
Authors: AMINU ALKASIM FAGO, ENIOLA SAMUEL AGBI, MOHAMMED NMA AHMED
1st Edition
6204209868, 978-6204209869
