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VWX Corp. provides the following financial information as of December 31, 2023: Item Amount ($) Current Assets 200,000 Current Liabilities 120,000 Inventory 70,000 Required: Calculate
VWX Corp. provides the following financial information as of December 31, 2023:
Item | Amount ($) |
Current Assets | 200,000 |
Current Liabilities | 120,000 |
Inventory | 70,000 |
Required:
- Calculate the current ratio and quick ratio for VWX Corp.
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
