Question
Question 19 A company's year-end data shows the following amounts. Current assets$65,000Current liabilities$25,000Net income$7,500Net sales$125,000Total assets$150,000 Based on this information, what is the company's current
Question 19
A company's year-end data shows the following amounts.
Current assets$65,000Current liabilities$25,000Net income$7,500Net sales$125,000Total assets$150,000
Based on this information, what is the company's current ratio?
- 1.9
- 6.0
- 2.3
- 2.6
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
