Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
possible Cheshire, Inc. has a cash balance of $83,000, short-term investments of $21,000, net receivables of $57,000, and inventory of $450,000. Current liabilities total $170,000.
possible Cheshire, Inc. has a cash balance of $83,000, short-term investments of $21,000, net receivables of $57,000, and inventory of $450,000. Current liabilities total $170,000. What is Cheshire's current ratio? (Round your final answer to two decimal places) OA 0.95 to 1 OB. 3.32 to 1 OC. 3.65 to 1 OD. 0.82 to 1
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started