Little Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009: 2010 2009 Current
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Question:
- 2010 2009
- Current Assets $525 $465
- Long-Term Assets 885 585
- Current Liabilities 385 385
- Long-Term Liabilities 575 575
- Owners' Equity 575 265
- Net Sales 975 775
- Gross Margin 485 365
- Net Income 255 100
- The current ratio at the end of 2010 was:
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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