St. Louis company has cash in the amount of 25,000, accounts receivable in the amount of 35,000, net fix assets in the amount of 175,000, accounts payable of 40,000, retained earnings of 15,000 and common stock outstanding of 1,000 shares, valued at $10.00 per share. Calculate the current ratio.
St. Louis company has cash in the amount of 25,000, accounts receivable in the amount of 35,000, net fix assets in the amount of 175,000, accounts payable of 40,000, retained earnings of 15,000 and common stock outstanding of 1,000 shares, valued at $10.00 per share. Calculate the current ratio.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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St. Louis company has cash in the amount of 25,000, accounts receivable in the amount of 35,000, net fix assets in the amount of 175,000, accounts payable of 40,000, retained earnings of 15,000 and common stock outstanding of 1,000 shares, valued at $10.00 per share. Calculate the current ratio .
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