What is the current ratio? Use the information below. Current Assets: $450,000 Costs of Goods Sold: $2.000,000 Inventory $250,000 Total Sales $3.000.000 Acct Rec: $200,000 Credit Sales: $1,500,000 Total Assets $900,000 Total Purchases $2,500,000 Current $300,000 Operating Expenses: $700.000 Liabilities: Acct Payable Pre-Tax Income: $60.000 $100,000 Total Liabilities: $600,000 Owner's Equity $300.000

What is the current ratio? Use the information below. Current Assets: $450,000 Costs of Goods Sold: $2.000,000 Inventory $250,000 Total Sales $3.000.000 Acct Rec: $200,000 Credit Sales: $1,500,000 Total Assets $900,000 Total Purchases $2,500,000 Current $300,000 Operating Expenses: $700.000 Liabilities: Acct Payable Pre-Tax Income: $60.000 $100,000 Total Liabilities: $600,000 Owner's Equity $300.000

Name: What is the current ratio? Use the information below.Current Assets$4
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Description: What is the current ratio? Use the information below.Current Assets$450,000Costs of Goods Sold:$2.000,000Inventory$250,000Total Sales$3.000,000Acct Rec:$200,000Credit Sales:$1,500,000Total Assets$900,000Total Purchases:$2,500,000Current$300,000Opera

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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