The following information is provided for a company. Accounts payable Buildings Cash $36,000 $192,000 $25,200 Accounts...

  

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The following information is provided for a company. Accounts payable Buildings Cash $36,000 $192,000 $25,200 Accounts receivable $22,800 Salaries payable $10,800 Retained earnings $114,000 Supplies $96,000 Notes payable (due in 18 months) $84,000 Interest payable Common stock $14,400 $84,000 What is the current ratio, assuming the accounts above reflect normal activity? The following information is provided for a company. Accounts payable Buildings Cash $36,000 $192,000 $25,200 Accounts receivable $22,800 Salaries payable $10,800 Retained earnings $114,000 Supplies $96,000 Notes payable (due in 18 months) $84,000 Interest payable Common stock $14,400 $84,000 What is the current ratio, assuming the accounts above reflect normal activity?

Answer rating: 100% (QA)

Calculating the Current Ratio The current ratio is a financial metric used to assess a companys abil... View the full answer