Calculate the current ratio and quick ratio given the following information: Current Assets: $150,000 Current Liabilities: $90,000

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Calculate the current ratio and quick ratio given the following information:

Current Assets: $150,000
Current Liabilities: $90,000
Inventory : $40,000
Prepaid Expenses: $10,000

Related Book For answer-question

Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Posted Date: May 18, 2023 03:37 AM

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Calculate the current ratio and quick ratio given the following information: Current Assets: $150,000 Current Liabilities: $90,000

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