Question
Using the information below, determine the current ratio for WTX Hospital: Cash & equivalents: $375,000 Accounts receivable: $285,000 Net fixed assets: $1,220,000 Accounts payable: $195,000
Using the information below, determine the current ratio for WTX Hospital:
Cash & equivalents: $375,000
Accounts receivable: $285,000
Net fixed assets: $1,220,000
Accounts payable: $195,000
Notes payable: $75,000
Capital lease obligations: $25,000
Net assets (equity): $1,450,000
- A.1.1
- B.2.4
- C.3.3
- D.2.2
- E.1.9
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
