12. 1. Ifa company has current assets of $230,000 and current liabilities of $100,000 the company's current ratio is O 23:1 O 1:23 O 230:1

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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12. 1. If a company has current assets of $230,000 and current liabilities of $100,000 the
company's current ratio is
O 23:1
O 1:23
230: 1
100:1
Transcribed Image Text:12. 1. If a company has current assets of $230,000 and current liabilities of $100,000 the company's current ratio is O 23:1 O 1:23 230: 1 100:1
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