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Carter Corporate has current assets of $120 million and inventory equal to $30 million. If Carter’s current liabilities are $100 million. What will the current ratio be?

Carter Corporate has current assets of $120 million and inventory equal to $30 million. If Carter’s current liabilities are $100 million. What will the current ratio be?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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Carter Corporate has current assets of $120 million and inventory equal to $30 million. If Carter’s current liabilities are $100 million. What will the current ratio be?

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