A firm has the following balance sheet information: total assets = $ 1 0 0 , 0

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Question:

A firm has the following balance sheet information: total assets

=

100, 000

; current assets

=

30, 000

; inventories

=

10, 000

; cash

=

5, 000

; total liabilities

=

30, 000

; current liabilities

=

15, 000

; and notes payable

=

2, 000 .

What is the firm\'s current ratio?

Related Book For answer-question

Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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Posted Date: May 11, 2024 11:00 AM

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A firm has the following balance sheet information: total assets = $ 1 0 0 , 0

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Financial Reporting and Analysis

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