GIGATECH SOLUTIONS LTD. HAS A CURRENT RATIO OF 2.5, TOTAL LIABILITIES OF $210,000, LONG-TERM PAYABLES OF $120,000 (THE ONLY LONG-TERM LIABILITY ON THE BOOKS), AND A QUICK RATIO OF 1.2. WHAT ARE THE TOTAL CURRENT ASSETS FOR THE COMPANY?

GIGATECH SOLUTIONS LTD. HAS A CURRENT RATIO OF 2.5, TOTAL LIABILITIES OF $210,000, LONG-TERM PAYABLES OF $120,000 (THE ONLY LONG-TERM LIABILITY ON THE BOOKS), AND A QUICK RATIO OF 1.2. WHAT ARE THE TOTAL CURRENT ASSETS FOR THE COMPANY?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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GIGATECH SOLUTIONS LTD. HAS A CURRENT RATIO OF 2.5, TOTAL
LIABILITIES OF $210,000, LONG-TERM PAYABLES OF $120,000 (THE ONLY
LONG-TERM LIABILITY ON THE BOOKS), AND A QUICK RATIO OF 1.2. WHAT
ARE THE TOTAL CURRENT ASSETS FOR THE COMPANY?

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