Question
The financial statements of Trenton Office Supply include the following items: 2025 2024 Cash $52,500 $47,000 Short-term Investments 27,000 13,000 Net Accounts Receivable 92,000
The financial statements of Trenton Office Supply include the following items: 2025 2024 Cash $52,500 $47,000 Short-term Investments 27,000 13,000 Net Accounts Receivable 92,000 97,000 Merchandise Inventory 135,000 127,000 Building (net) 529,000 549,000 Total Current Liabilities 255,000 236,000 Long-term Note Payable 64,000 57,000 What is the 2025 current ratio? (Round your answer to two decimal places.) 0.58 1.20 0.83 1.66
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
