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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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