Calculate the current ratio in each of the following separate cases. Current Assets Current Liabilities Case 1 $ 75,000 $30,000 Case 2 $161,500 $ 85,000

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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Calculate the current ratio in each of the following separate cases.
Current Assets Current Liabilities
Case 1 $ 75,000 $30,000
Case 2 $161,500 $ 85,000
Case 3 $ 45,000 $ 53,000
Transcribed Image Text:Calculate the current ratio in each of the following separate cases. Current Assets Current Liabilities Case 1 $ 75,000 $30,000 Case 2 $161,500 $ 85,000 Case 3 $ 45,000 $ 53,000
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