Presented below is information available for Morton Company. Inventories 110,000 Prepaid expenses 30,000 Accounts receivable 61,000 Short-term

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Presented below is information available for Morton Company.

Inventories £110,000

Prepaid expenses 30,000

Accounts receivable 61,000

Short-term investments 75,000

Cash 4,000

PPE 100,000

Intangible Assets 150,000

Total current liabilities are £120,000.

The current ratio for Morton is?

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Feb 13, 2023 01:56 AM

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Presented below is information available for Morton Company. Inventories 110,000 Prepaid expenses 30,000 Accounts receivable 61,000 Short-term

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Intermediate Accounting Reporting and Analysis

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