Compute Current Ratio from the following data. Current Assets- $700,000 Total Assets -$1,150,000 Current Liabilities - $275,000 Total Liabilities-$825,000 39 1.39 2.55

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
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Question 9
Compute Current Ratio from the following data.
Current Assets- $700,000
Total Assets - $1,150,000
Current Liabilities - $275,000
Total Liabilities- $825,000
39
1.39
2.55
Transcribed Image Text:Question 9 Compute Current Ratio from the following data. Current Assets- $700,000 Total Assets - $1,150,000 Current Liabilities - $275,000 Total Liabilities- $825,000 39 1.39 2.55
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