The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories

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The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $496,100, what is the amount of current liabilities?

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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Posted Date: Jan 04, 2021 11:11 AM

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The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories

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Answer Current liabilities 99220 Solution Current ratio Current AssetsCurrent ... View the full answer

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