Bond corporation had a current ratio of 1.2, and the current assets and current liabilities were...
Bond corporation had a current ratio of 1.2, and the current assets and current liabilities were $150,000 and $125,000, respectively. This working capital position means that
Select one:
a. current assets at book value are 1.2 times current liabilities at book value.
b. the market value of the current assets exceeds the market value of the current liabilities by a factor of 1.2.
c. none of the above.
d. the company has a negative working capital.
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Bond corporation had a current ratio of 1.2, and the current
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