ays an account payable of $75,000 what will its current ratio be? (round to two places if ecessary) 2.20:1 2.00:1 1.83:1
ays an account payable of $75,000 what will its current ratio be? (round to two places if ecessary) 2.20:1 2.00:1 1.83:1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Entity F has current assets of $900,000 and current liabilities of $450,000. If the company
pays an account payable of $75,000 what will its current ratio be? (round to two places if
necessary)
000
2.20:1
2.00:1
1.83:1
2.40:1
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