Homework Help is Here – Start Your Trial Now!
Business
Accounting
A company has a current ratio of 2.01, total liabilities of $193,891, long-term payables of $96,791 (the only long-term liability on the books), and a quick ratio of 0.96. What are the total current assets for the company?

A company has a current ratio of 2.01, total liabilities of $193,891, long-term payables of $96,791 (the only long-term liability on the books), and a quick ratio of 0.96. What are the total current assets for the company?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
See similar textbooks
icon
Related questions
Question

I won't to this question answer general Accounting

A company has a current ratio of 2.01, total liabilities of $193,891, long-term payables of $96,791 (the only long-term liability on the books), and a quick ratio of 0.96. What are the total current assets for the company?
Transcribed Image Text:A company has a current ratio of 2.01, total liabilities of $193,891, long-term payables of $96,791 (the only long-term liability on the books), and a quick ratio of 0.96. What are the total current assets for the company?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer