Question. If given the following information: 2,073 Current Assets Current Liabilities 1,634 Cash 1,182 Inventory 316 934 Net working capital Total Assets 3,873 Average Daily Operating Costs 344 Find the Current Ratio.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.3.1P: Effect of transactions on current position analysis Data pertaining to the current position of...
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Question. If given the following information:
2,073
Current Assets
Current Liabilities
1,634
Cash
1,182
Inventory
316
934
Net working capital
Total Assets
3,873
Average Daily Operating Costs
Find the Current Ratio.
Transcribed Image Text:Question. If given the following information: 2,073 Current Assets Current Liabilities 1,634 Cash 1,182 Inventory 316 934 Net working capital Total Assets 3,873 Average Daily Operating Costs Find the Current Ratio.
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