Current ratio and Quick ratio
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A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000
A. Current ratio = 0.5; quick ratio 1.5
B. Current ratio = 1.0; quick ratio 2.0
C. Current ratio = 1.5; quick ratio = 2.0
D. Current ratio = 2.5; quick ratio = 2.0
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This solution calculates current ratio and quick ratio.
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A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000
A. Current ratio = 0.5; quick ratio 1.5
B. Current ...
Purchase this Solution
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