Pritchett Co. reported the following year-end data: Cash $20,200 Short-term investments $ 8,600 Accounts receivable (current) $11,800 Inventory $28,600 Other current assets $12,000 Total current liabilities $29,000 Compute the (a) current ratio
Pritchett Co. reported the following year-end data: Cash $20,200 Short-term investments $ 8,600 Accounts receivable (current) $11,800 Inventory $28,600 Other current assets $12,000 Total current liabilities $29,000 Compute the (a) current ratio
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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Pritchett Co. reported the following year-end data:
Cash $20,200
Short-term investments $ 8,600
Accounts receivable (current) $11,800
Inventory $28,600
Other current assets $12,000
Total current liabilities $29,000
Compute the (a) current ratio
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