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A business has a current ratio of 1.6, total liabilities of $420,000, and non-current liabilities of $300,000. Calculate the company's total current assets.

A business has a current ratio of 1.6, total liabilities of $420,000, and non-current liabilities of $300,000. Calculate the company's total current assets.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 1E
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A business has a current ratio of 1.6, total liabilities of $420,000, and non-current liabilities of $300,000. Calculate the company's total current assets.
Transcribed Image Text:A business has a current ratio of 1.6, total liabilities of $420,000, and non-current liabilities of $300,000. Calculate the company's total current assets.
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