A company has Cash of $10,000, Accounts Receivable of $2,000, Inventory of $3,000, Long-Term Assets of $40,000,

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A company has Cash of $10,000, Accounts Receivable of $2,000, Inventory of $3,000, Long-Term Assets of $40,000, Accounts Payable of $5,000 and a Long-Term Bank Loan of $50,000.

Calculate the company's current ratio.

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Financial Accounting The Impact on Decision Makers

ISBN: 978-1285182964

9th edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Apr 15, 2023 09:01 AM

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A company has Cash of $10,000, Accounts Receivable of $2,000, Inventory of $3,000, Long-Term Assets of $40,000,

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The current ratio is calculated as follows Current Ratio Current Assets C... View the full answer

Financial Accounting The Impact on Decision Makers

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