The ratio of Current Assets $600,000 to Current Liabilities $400,000 is 1.5:1. The Finance Manager is interested
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The ratio of Current Assets $600,000 to Current Liabilities $400,000 is 1.5:1. The Finance Manager is interested in maintaining a Current Ratio of 2:1, by paying off a part of the Current Liabilities Compute the amount of Current Liabilities that should be paid, so that the Current Ratio at the level of 2:1 may be maintained.
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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