Barts Industries, Inc., has total assets as follows: $50,000 in cash, $15,000 in short-term investments, $120,000 in net current receivables, inventory of $25,000, equipment of $80,000, and $8,000 in prepaid expenses. The total long-term liabilities of the firm are $140,000 and total liabilities are $260,000. Based solely on the above information, Barts Industries' current ratio is (round to two decimal places): O 1.54 O 1.75 O 1.82 O 1.85 O 1.50

Barts Industries, Inc., has total assets as follows: $50,000 in cash, $15,000 in short-term investments, $120,000 in net current receivables, inventory of $25,000, equipment of $80,000, and $8,000 in prepaid expenses. The total long-term liabilities of the firm are $140,000 and total liabilities are $260,000. Based solely on the above information, Barts Industries' current ratio is (round to two decimal places): O 1.54 O 1.75 O 1.82 O 1.85 O 1.50

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section2.A: Taxes

Problem 8P

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