A company has the following current assets: Cash, $10,000 Accounts Receivable, $70,000 Inventory, $20,000 The company also
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Question:
A company has the following current assets:
Cash, $10,000
Accounts Receivable, $70,000
Inventory, $20,000
The company also has current liabilities of $40,000. Calculate the company’s current ratio and quick ratio. If required, round your answers to one decimal place.
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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