In 2012, Leon's Furniture Limited reported a current ratio of 2.9:1 and a cash current debt coverage

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In 2012, Leon's Furniture Limited reported a current ratio of 2.9:1 and a cash current debt coverage ratio of 0.4 times. Explain why Leon's cash current debt coverage is likely so much lower than its current ratio?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:39 AM

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In 2012, Leon's Furniture Limited reported a current ratio of 2.9:1 and a cash current debt coverage

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Financial Accounting Tools for Business Decision Making

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