Question
Question 15 (5 points) The following financial information is for Chesapeake Corporation are for the fiscal years ending 2018 & 2017 (all balances are normal):
Question 15 (5 points)
The following financial information is for Chesapeake Corporation are for the fiscal years ending 2018 & 2017 (all balances are normal):
| Item/Account | 2018 | 2017 |
| Cash | 25,000 | $24,000 |
| Accounts Receivable | 55,000 | 52,000 |
| Inventory | 44,000 | 48,000 |
| Current Liabilities | 85,000 | 42,000 |
| Net Sales (all credit) | 550,000 | 485,000 |
| Cost of Goods Sold | 288,000 | 265,000 |
Use this information to determine the number of current ratio as of December 31, 2018: (Round & enter your answers to one decimal place and enter the value.)
Your Answer:
Question 15 options:
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Healthcare Fraud Auditing And Detection Guide
Authors: Rebecca S. Busch
2nd Edition
978-1118179802
