How much cash and marketable securities does Gray Computer Co. have if the company has a current
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How much cash and marketable securities does Gray Computer Co. have if the company has a current ratio of 2.5, a quick ratio of 1.2, and current liabilities of $12,000? Gray's credit sales are $98,000 and his average collection period is 40 days (Let's assume 365 days a year).
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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