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Required: a. Calculate Cedar Fair's current ratio at June 28, 2020? (Round the final answer to 2 decimal places.) Current Ratio b. Select the statement
Required: a. Calculate Cedar Fair's current ratio at June 28, 2020? (Round the final answer to 2 decimal places.) Current Ratio b. Select the statement that best describes the meaning of the ratio. This ratio means that Cedar Fair has more assets than liabilities at June 28, 2020. This ratio means that Cedar Fair was profitable during the period ended June 28, 2020. This ratio means that Cedar Fair's cash flows were positive for the period ended June 28, 2020. This ratio means that Cedar Fair has more assets to convert into cash in the upcoming 12-month period than liabilities to satisfy in the upcoming 12-month period. Required: a. Calculate Cedar Fair's current ratio at June 28, 2020? (Round the final answer to 2 decimal places.) Current Ratio b. Select the statement that best describes the meaning of the ratio. This ratio means that Cedar Fair has more assets than liabilities at June 28, 2020. This ratio means that Cedar Fair was profitable during the period ended June 28, 2020. This ratio means that Cedar Fair's cash flows were positive for the period ended June 28, 2020. This ratio means that Cedar Fair has more assets to convert into cash in the upcoming 12-month period than liabilities to satisfy in the upcoming 12-month period
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