The financial statements of Denison Furniture Company include the following items: 2025 2024 Cash $60,500 $49,000...
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The financial statements of Denison Furniture Company include the following items: 2025 2024 Cash $60,500 $49,000 Short - term Investments 29,000 12,000 Net Accounts Receivable 100,000 103,000 142,000 546,000 212,000 53,000 Merchandise Inventory 157,000 533,000 233,000 54,000 Total Assets Total Current Liabilities Long - term Note Payable What is the 2025 cash ratio? (Round your answer to two decimal places) O A. 0.38 O B. 0.26 O C. 0.21 O D. 0.11 The financial statements of Denison Furniture Company include the following items: 2025 2024 Cash $60,500 $49,000 Short - term Investments 29,000 12,000 Net Accounts Receivable 100,000 103,000 142,000 546,000 212,000 53,000 Merchandise Inventory 157,000 533,000 233,000 54,000 Total Assets Total Current Liabilities Long - term Note Payable What is the 2025 cash ratio? (Round your answer to two decimal places) O A. 0.38 O B. 0.26 O C. 0.21 O D. 0.11
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Posted Date:
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