Question
You have the following balances in your accounts at year end: (4 Points) Cash: 1,000 Property/Plant/Equipment: 2500 Accounts Receivable: 500 Equity: 2,000 Accounts Payable: 1250
You have the following balances in your accounts at year end: (4 Points)
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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Investing Amid Low Expected Returns Making The Most When Markets Offer The Least
Authors: Antti Ilmanen
1st Edition
1119860199, 978-1119860198
