Delta Inc. has a current ratio of 1.5, quick ratio of 0.9, inventory of $60,000, and current liabilities of $120,000. Calculate the company's total current assets.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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Delta Inc. has a current ratio of 1.5, quick ratio of 0.9, inventory of
$60,000, and current liabilities of $120,000. Calculate the company's
total current assets.
Transcribed Image Text:Delta Inc. has a current ratio of 1.5, quick ratio of 0.9, inventory of $60,000, and current liabilities of $120,000. Calculate the company's total current assets.
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