Question: Check m Exercise 3-19 Calculating ratios; solve for unknowns [LO3-8] The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and
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Check m Exercise 3-19 Calculating ratios; solve for unknowns [LO3-8] The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2018 balance sheet reported the following: cash, $1,370,000; prepaid expenses, $430,000; noncurrent assets, $3,100,000 and shareholders' equity, $3,200,000. The current ratio at the end of the year was 30 and the debt to equity ratio was 16. Required Determine the following 2018 amounts and ratios: (Round your "The acid-test ratio" answer to 1 decimal place.) Current liablities 2. Long-term labinies 4. The acid-1est ratio | FAwMTH15301 12)aex- a. -.-- The Ten Command., doe- docx d' Student,Registrati tion..-paf
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