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Using the following year-end data for Bauman, LLC Money $ 44,210 short term investment 9,800 accounts receivable 42,000 Inventory 244,000 Prepaid expenses 14,990 Accounts payable
Using the following year-end data for Bauman, LLC
| Money | $ 44,210 |
| short term investment | 9,800 |
| accounts receivable | 42,000 |
| Inventory | 244,000 |
| Prepaid expenses | 14,990 |
| Accounts payable | 90.000 |
| Other current accounts payable | 23,500 |
Calculate the current ratio and the acid test ratio
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To calculate the current ratio we divide current assets by current liabilities Cur...
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
