Financial Accounting A company has current assets of $90,000 and current liabilities of $60,000. What is the networking capital ratio?

Explanation of Current Assets:Current assets are assets that a company expects to convert into cash,…

Answered: A company has current assets of $90,000…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1CE

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A company has current assets of $90,000 and current liabilities of $60,000. What is the net working capital ratio?