Question
As a bank loan officer, you are considering a loan application by Warren Sporting Goods. The company has provided you with the following information from
As a bank loan officer, you are considering a loan application by Warren Sporting Goods. The company has provided you with the following information from its balance sheet:
Cash $ 25,000
Accounts Receivable 45,000
Inventory 140,000
Fixed Assets 190,000
Current Liabilities 70,000
Long-term Liabilities 90,000
Calculate Warren's current ratio
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
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