Paul Company has $17,000 in cash, $3,000 in marketable securities, $36,000 in current receivables, $24,000 in inventories,

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Paul Company has $17,000 in cash, $3,000 in marketable securities, $36,000 in current receivables, $24,000 in inventories, and $45,000 in current liabilities.

What is the company's current ratio?

Related Book For answer-question

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1111534912

8th edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Mar 08, 2024 09:28 PM

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Paul Company has $17,000 in cash, $3,000 in marketable securities, $36,000 in current receivables, $24,000 in inventories,

Question:

Expert Answer:

Answer The current ratio is a liquidity ratio that measures a companys ability t... View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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