You are given the following information. Annual disposable income: $45,000 Total Liabilities: $ 17,400 Annual savings: $2,400

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You are given the following information. Annual disposable income: $45,000 Total Liabilities: $ 17,400 Annual savings: $2,400 Long-term assets: $85,000 Current ratio: 2 Debt-to-asset ratio: 0.2

What is your liquidity ratio?

Related Book For answer-question

Introductory Financial Accounting for Business

ISBN: 978-1260299441

1st edition

Authors: Thomas Edmonds, Christopher Edmonds

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Posted Date: Oct 10, 2023 07:27 AM

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You are given the following information. Annual disposable income: $45,000 Total Liabilities: $ 17,400 Annual savings: $2,400

Question:

Expert Answer:

To calculate the liquidity ratio we need to divide the total liquid assets ... View the full answer

Introductory Financial Accounting for Business

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