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The following items are reported on a companys balance sheet: Cash 140,000 Short term investments 80,000 Accounts receivable 350,000 Inventory 165,000 Accounts payable 225,000 Wages
The following items are reported on a companys balance sheet:
| Cash | 140,000 |
| Short term investments | 80,000 |
| Accounts receivable | 350,000 |
| Inventory | 165,000 |
| Accounts payable | 225,000 |
| Wages payable | 80,000 |
Determine (round answers to 1 decimal place):
The Current ratio
The Quick ratio
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Audit Risk Management Driving Audit Value The Best Practice Strategy Guide For Minimising The Audit Risks And Achieving The Internal Audit Strategies And Objectives Volume 2
Authors: Hans Beumer
1st Edition
3906861155, 978-3906861159
