Assume that a companys current ratio is 3.0, working capital is $300,000, and the acidtest ratio is
Question:
Assume that a company’s current ratio is 3.0, working capital is $300,000, and the acidtest ratio is 1.2.
a. How much does the company have in current assets?
b. If the only current assets shown on the balance sheet are Cash, Accounts Receivable, and Merchandise Inventory, how much does the company have in Merchandise Inventory?
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a Working capital current assets current liabilities CA CL 300000 Current ratio current ...View the full answer
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