Selected condensed data taken from a recent statement of financial position of Morino Ltd. are as follows.

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Selected condensed data taken from a recent statement of financial position of Morino Ltd. are as follows. image text in transcribed

What are the

(a) working capital,

(b) current ratio, and

(c) acid-test ratio?
Calculate profitability ratios.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 05, 2024 01:25 AM

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Selected condensed data taken from a recent statement of financial position of Morino Ltd. are as follows.

Question:

Morino Ltd. Statement of Financial Position (partial) Other current assets 6,271,000 Inventory 14,814,000 Accounts receivable (net) 12,545,000 Short-term investments 4,947,000 Cash 8,113,000 Total current assets 46,690,000 Total current liabilities 41,200,000

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Financial Accounting With International Financial Reporting Standards

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