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question is in picture You are provided the following Information of ABC Co.: December 31, 2019 Current Assets $56,000 Long-Term Assets 39,000 Total Assets 95,000
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You are provided the following Information of ABC Co.: December 31, 2019 Current Assets $56,000 Long-Term Assets 39,000 Total Assets 95,000 Short-Term Notes Payable (current) 19,000 Long-Term Notes Payable 15,000 Total Liabilities 34,000 Stockholders' Equity 61,000 December 31, 2020 $52,000 73,000 125,000 39,000 22,000 61,000 64,000 Which of the following statements regarding ABC's current ratio is correct? Multiple Choice The 2020 current ratio of ABC Co, is 133 The liquidity of ABC has improved from 2019 to 2020 The 2019 current ratio of ABC Co. i 2.79 ABC does not have sufficient current assets to pay its current liabides in years 2019 and 2020 Step by Step Solution
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