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Based on the following information, compute the (1) current ratio and (2) working capital. (Round current ratio to 1 decimal place, eg 52.5.) Current assets $200,000 Total assets 900,000 Current liabilities 80,000 Total liabilities 500,000 (1) Current ratio :1 (2) Working capital

Based on the following information, compute the (1) current ratio and (2) working capital. (Round current ratio to 1 decimal place, eg 52.5.) Current assets $200,000 Total assets 900,000 Current liabilities 80,000 Total liabilities 500,000 (1) Current ratio :1 (2) Working capital

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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e- Northeastern Illi x w HW-Ch10 O NWP Assessment Player UI A x A Player A Player A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld%3Dcffb6fab-9f0f-4871-8245-1756a9819001#/question/17 V-Ch10 Question 18 of 20 く <> -14 E View Policies Current Attempt in Progress Based on the following information, compute the (1) current ratio and (2) working capital. (Round current ratio to 1 decimal place, es 52.5.) Current assets $200,000 Total assets 900,000 Current liabilities 80,000 Total liabilities 500,000 (1) Current ratio (2) Working capital %24 eTextbook and Media O Type here to search a 62 F Mostly sunny DELL F8 F10 11 F12 PrtScr Insert Delete PgUp F2 F3 F4 F5 F6 F7 H4 $4 Num Lock @ %23 Backspace 4 8. E R O P T. Y Enter S D F G H J K L く Shift M
Transcribed Image Text:e- Northeastern Illi x w HW-Ch10 O NWP Assessment Player UI A x A Player A Player A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld%3Dcffb6fab-9f0f-4871-8245-1756a9819001#/question/17 V-Ch10 Question 18 of 20 く <> -14 E View Policies Current Attempt in Progress Based on the following information, compute the (1) current ratio and (2) working capital. (Round current ratio to 1 decimal place, es 52.5.) Current assets $200,000 Total assets 900,000 Current liabilities 80,000 Total liabilities 500,000 (1) Current ratio (2) Working capital %24 eTextbook and Media O Type here to search a 62 F Mostly sunny DELL F8 F10 11 F12 PrtScr Insert Delete PgUp F2 F3 F4 F5 F6 F7 H4 $4 Num Lock @ %23 Backspace 4 8. E R O P T. Y Enter S D F G H J K L く Shift M
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