Answered: Love Company has current assets of…

Love Company has current assets of P400,000 including inventory of P160,000 and a quick ratio of 2:1. Based on available data, how much is the current liabilities?

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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Love Company has current assets of P400,000 including inventory of P160,000 and a quick ratio of 2:1. Based on available data, how much is the current liabilities?

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