Cotuit Company has a current ratio of 3.2 and an acid-test ratio of 2.4. The company's current
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Cotuit Company has a current ratio of 3.2 and an acid-test ratio of 2.4. The company's current assets consist of cash, marketable securities, accounts receivable and inventory. The company's inventory is $40,000. What is the company's current liabilities?
a. $40,000
b. $120,000
c. $50,000
d. $32,000
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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