Not use ai solution please given correct answer general Accounting A company has a current ratio of 2.01, total liabilitiesof $193,891, long-term payables of $96,791 (the onlylong-term liability on the books), and a quick ratio of0.96. What are the total current assets for thecompany?

Step 1: Define Financial RatiosIn managerial accounting, financial ratios can provide a lot of…

Answered: A company has a current ratio of 2.01,…

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...

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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?