Keswick Industries Limited has the following current assets and current liabilities on the company's balance sheet: Cash
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Question:
Keswick Industries Limited has the following current assets and current liabilities on the company's balance sheet: Cash $17,000; Accounts Receivable $8,200; Inventory $54,000; Prepaid Rent $3,000; Accounts Payable $23,000; Notes Payable due within one year $20,000; and Unearned Revenue $5,500. What would be the company's current ratio?
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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