Knowledge Check 01 Pennway Company reported current assets of $100,000, total assets of $1,000,000, current liabilities of $50,000, total liabilities of $250,000, and total stockholders' equity of $750,000. What is the company's current ratio? Note: Round your answer to 1 decimal place.

Knowledge Check 01 Pennway Company reported current assets of $100,000, total assets of $1,000,000, current liabilities of $50,000, total liabilities of $250,000, and total stockholders' equity of $750,000. What is the company's current ratio? Note: Round your answer to 1 decimal place.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Knowledge Check 01
Pennway Company reported current assets of $100,000, total assets of $1,000,000, current liabilities of $50,000, total liabilities of
$250,000, and total stockholders' equity of $750,000. What is the company's current ratio?
Note: Round your answer to 1 decimal place.

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