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The company's current ratio as of the balance sheet date is: Based on the data taken from the balance sheet of Nomad Company at the end of the current y P145,000 110,000 4,000 80,000 10,000 140,000 250,000 85,000 15,000 Accounts payable Accounts receivable Accrued liabilities Cash Income tax payable Inventory Marketable securities Notes payable, short-term Prepaid expenses O 2.67:1 O 2.44:1 O 2.02:1 O 1.95:1

The company's current ratio as of the balance sheet date is: Based on the data taken from the balance sheet of Nomad Company at the end of the current y P145,000 110,000 4,000 80,000 10,000 140,000 250,000 85,000 15,000 Accounts payable Accounts receivable Accrued liabilities Cash Income tax payable Inventory Marketable securities Notes payable, short-term Prepaid expenses O 2.67:1 O 2.44:1 O 2.02:1 O 1.95:1

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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The company's current ratio as of the balance sheet date is: * Based on the data taken from the balance sheet of Nomad Company at the end of the current ye P145,000 110,000 4,000 80,000 10,000 140,000 250,000 85,000 15,000 Accounts payable Accounts receivable Accrued liabilities Cash Income tax payable Inventory Marketable securities Notes payable, short-term Prepaid expenses 2.67:1 2.44:1 2.02:1 1.95:1
Transcribed Image Text:The company's current ratio as of the balance sheet date is: * Based on the data taken from the balance sheet of Nomad Company at the end of the current ye P145,000 110,000 4,000 80,000 10,000 140,000 250,000 85,000 15,000 Accounts payable Accounts receivable Accrued liabilities Cash Income tax payable Inventory Marketable securities Notes payable, short-term Prepaid expenses 2.67:1 2.44:1 2.02:1 1.95:1
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