Question
Presented below is information available for Morton Company. Inventories 110,000 Prepaid expenses 30,000 Accounts receivable 61,000 Short-term investments 75,000 Cash 4,000 PPE 100,000 Intangible Assets
Presented below is information available for Morton Company.
Inventories £110,000
Prepaid expenses 30,000
Accounts receivable 61,000
Short-term investments 75,000
Cash 4,000
PPE 100,000
Intangible Assets 150,000
Total current liabilities are £120,000.
The current ratio for Morton is?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
