Question: Can someone help with this question Assume current assets totaled $120,000 and the current ratio was 1.5 before the following independent transactions: Purchased merchandise for
Assume current assets totaled $120,000 and the current ratio was 1.5 before the following independent transactions: Purchased merchandise for $40,000 on short-term credit. Purchased a delivery truck for $25,000. Paid $3,000 cash and signed a two-year interest-bearing note for the balance Required: Compute the current ratio alter each transaction (Round your answers to 2 decimal places.) Assume current assets totaled $120,000 and the current ratio was 1.5 before the following independent transactions: Purchased merchandise for $40,000 on short-term credit. Purchased a delivery truck for $25,000. Paid $3,000 cash and signed a two-year interest-bearing note for the balance Required: Compute the current ratio alter each transaction (Round your answers to 2 decimal places.)
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