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A company reports a current ratio of 2.25, total liabilities of $320,000, long- term notes payable of $200,000 (the only long-term liability), and a quick ratio of 1.15. Calculate the total current assets.

A company reports a current ratio of 2.25, total liabilities of $320,000, long- term notes payable of $200,000 (the only long-term liability), and a quick ratio of 1.15. Calculate the total current assets.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Calculate the total current assets?

A company reports a current ratio of 2.25, total liabilities of $320,000, long- term notes payable of $200,000 (the only long-term liability), and a quick ratio of 1.15. Calculate the total current assets.
Transcribed Image Text:A company reports a current ratio of 2.25, total liabilities of $320,000, long- term notes payable of $200,000 (the only long-term liability), and a quick ratio of 1.15. Calculate the total current assets.
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