a. The current ratio (assets/liabilities) of company X is 3.2. Given that the current assets are $416000, find the current liabilities: *the answer is 130,000 I have asked this question multiple times and no one can solve part b* b. The board of directors determines that the current ratio must never be below 2.6. What is the maximum amount that the company can borrow?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
a. The current ratio (assets/liabilities) of company X is 3.2. Given that the current assets are $416000, find the current liabilities: *the answer is 130,000 I have asked this question multiple times and no one can solve part b*
b. The board of directors determines that the current ratio must never be below 2.6. What is the maximum amount that the company can borrow?
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