Alpha Tech Ltd. has a current ratio of 2.3, total liabilities of $220,500, long-term payables of $125,000 (the only long-term liability on the books), and a quick ratio of 1.05. What are the total current assets for the company?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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Alpha Tech Ltd. has a current ratio of 2.3, total liabilities of $220,500,
long-term payables of $125,000 (the only long-term liability on the
books), and a quick ratio of 1.05. What are the total current assets for
the company?
Transcribed Image Text:Alpha Tech Ltd. has a current ratio of 2.3, total liabilities of $220,500, long-term payables of $125,000 (the only long-term liability on the books), and a quick ratio of 1.05. What are the total current assets for the company?
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