Question
The financial statements of Dexter Office Supply include the following items: 2025 2024 Cash $48,200 $47,000 Short-term Investments 24,000 10,000 Net Accounts Receivable 109,000
The financial statements of Dexter Office Supply include the following items: 2025 2024 Cash $48,200 $47,000 Short-term Investments 24,000 10,000 Net Accounts Receivable 109,000 108,000 Merchandise Inventory 126,000 127,000 Total Assets 530,000 550,000 Total Current Liabilities 303,000 234,000 Long-term Notes Payable 57,000 52,000 What is the 2025 current ratio? OA. 0.24 OB. 0.5 OC. 1.01 D. 0.6
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
