Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities current ratio? Cash $10,000 Notes $25,000 current ratio =[?] Round to the nearest tenth. %3D Inventory $61,000 Property $110,000 Wages $56,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity:

Using the balance sheet provided, what is the decimal value for the XYZ Company Balance Sheet Assets Liabilities current ratio? Cash $10,000 Notes $25,000 current ratio =[?] Round to the nearest tenth. %3D Inventory $61,000 Property $110,000 Wages $56,000 Equity Stock $50,000 Investment $39,000 Total Assets: Total Liabilities + Equity:

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1SEB

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