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You are given the following information. Annual disposable income: $45,000 Total Liabilities: $ 17,400 Annual savings: $2,400 Long-term assets: $85,000 Current ratio: 2 Debt-to-asset ratio:
You are given the following information. Annual disposable income: $45,000 Total Liabilities: $ 17,400 Annual savings: $2,400 Long-term assets: $85,000 Current ratio: 2 Debt-to-asset ratio: 0.2
What is your liquidity ratio?
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Step: 1
To calculate the liquidity ratio we need to divide the total liquid assets ...
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
