Calculate the 2020 current ratio using the following information: Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable Total Current Assets Total Assets Current Liabilities Long Term Debt 2020 5,000 15,000 10,000 40,000 70,000 50,000 10,000

Calculate the 2020 current ratio using the following information: Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable Total Current Assets Total Assets Current Liabilities Long Term Debt 2020 5,000 15,000 10,000 40,000 70,000 50,000 10,000

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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Question

Calculate the 2020 current ratio using the following information:
Balance Sheet
Cash and Cash Equivalents
Marketable Securities
Accounts Receivable
Total Current Assets
Total Assets
Current Liabilities
Long Term Debt
Shareholders Equity
Income Statement
Interest Expense
Net Income Before Income Taxes
1.17
0.60
1.40
0.80
2020
5,000
15,000
10,000
40,000
70,000
50,000
10,000
10,000
7,500
45,000

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