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Based on the following information, calculate the current ratio. Please round up to two decimal points. Cash 10000 Accounts Receivable 20000 Inventory 30000 Accounts Payable 20000 Income Taxes Payable 10000

Based on the following information, calculate the current ratio. Please round up to two decimal points. Cash 10000 Accounts Receivable 20000 Inventory 30000 Accounts Payable 20000 Income Taxes Payable 10000

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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Based on the following information, calculate the current ratio. Please round up to two decimal points. Cash 10000 Accounts Receivable 20000 Inventory 30000 Accounts Payable 20000 Income Taxes Payable 10000
Transcribed Image Text:Based on the following information, calculate the current ratio. Please round up to two decimal points. Cash 10000 Accounts Receivable 20000 Inventory 30000 Accounts Payable 20000 Income Taxes Payable 10000
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