6. Determining Financial Progress. Carl Lester has liquid assets of $2,680 and current liabilities of $2,436. What is his current ratio? What comments do you have about this financial position? LO3-2

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
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Problem 2.5P: Working Capital and Current Ratio The balance sheet of Stevenson Inc. includes the following items:...
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Chapter 3 Question 6

6. Determining Financial Progress. Carl Lester has liquid assets of $2,680 and current liabilities of $2,436. What is his current
ratio? What comments do you have about this financial position?
LO3-2
Transcribed Image Text:6. Determining Financial Progress. Carl Lester has liquid assets of $2,680 and current liabilities of $2,436. What is his current ratio? What comments do you have about this financial position? LO3-2
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