Question
School Supplies, Inc. had the following asset account balances: Cash, $60,000; Short-term Investments, $120,000; Accounts Receivable, $70,000; and Inventory, $205,000. Current liabilities amounted to $325,000.
School Supplies, Inc. had the following asset account balances: Cash, $60,000; Short-term Investments, $120,000; Accounts Receivable, $70,000; and Inventory, $205,000. Current liabilities amounted to $325,000. What is School Supplies current ratio?
|
| 1.03 | |
|
| 0.77 | |
|
| Unable to determine | |
|
| $130,000 | |
|
| 1.40 |
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Health And Safety Audit An External Audit Perspective
Authors: Abdel Rahman Mansour
1st Edition
6139899648, 978-6139899647
