Answered: 13. LSP Co. has current assets of…

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13. LSP Co. has current assets of $20,000 and current liabilities of $10,000. The current ratio for the company is: *

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

13. LSP Co. has current assets of $20,000 and current liabilities of
$10,000. The current ratio for the company is: *
O a) 1
O b) 2
O c) 3
O d) 4
O e) None of the above

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