Question
Southport Industries company has current assets of $590,000 and a current ratio is 3.90. Assume that the company prepays rent for 9 months in the
Southport Industries company has current assets of $590,000 and a current ratio is 3.90. Assume that the company prepays rent for 9 months in the amount of $34,000. The current ratio after this transaction is closest to:
Multiple Choice
A)5.03.
B) 3.90.
C) 3.68.
D)4.12.
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1st Edition
1659112699, 978-1659112696
