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QUESTION 21 XYZ Company has current assets of $400,000 and current liabilities of $500,000. If the current ratio is determined taking current assets divided
QUESTION 21 XYZ Company has current assets of $400,000 and current liabilities of $500,000. If the current ratio is determined taking current assets divided by current liabilities, what is XYZ's current ratio after purchasing $100,000 of inventory on account? Round your answer to 2 decimals. For example, if your final answer is 1.752, enter 1.75
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
