The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $511,000, what is the amount of current liabilities?
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What is the amount of current liabilities?
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- provide correct answer. sub. general account.The current ratio of a company is 8:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $633,000, what is the amount of current liabilities?(accounting Problem)If a company computes its current ratio to be 3.56, what does this mean interms of the company’s current assets and current liabilities?
- Answer each of the questions in the following unrelated situations.(a) The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $548,000, what is the amount of current liabilities?What is the amount of current liabilities?The current ratio of a company is 5:1, and its acid-test ratio is 2:1. If the inventories and prepaid items amount to $450,000, what is the amount of current liabilities? Answer this financial accounting problem. Ans