Following is a simplified financial position statement for a company. Calculate the liquid ratio. AssetsLiabilities and equity

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Following is a simplified financial position statement for a company. Calculate the liquid ratio.

AssetsLiabilities and equity

Cash250000Accounts payable880000Trading securities350000Accrued expenses payable420000Accounts receivable1360000Taxes payable140000Inventory2470000Bank overdraft600000Property3350000Long-term debt3850000Equipment450000Shareholders' funds2340000

Posted Date: May 18, 2024 03:17 PM

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Following is a simplified financial position statement for a company. Calculate the liquid ratio. AssetsLiabilities and equity

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