Question
You have the following balances in your accounts at year end: Cash: 1,000 Property/Plant/Equipment: 2500 Accounts Receivable: 500 Equity: 2,000 Accounts Payable: 1250 Long-Term Note:
You have the following balances in your accounts at year end:
Cash: 1,000 Property/Plant/Equipment: 2500
Accounts Receivable: 500 Equity: 2,000
Accounts Payable: 1250 Long-Term Note: 750
What is the current ratio for this company? Does this ratio indicate the company is in a positive or negative position and why?
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Stats Data And Models
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
4th Edition
321986490, 978-0321989970, 032198997X, 978-0321986498
