Homework Answers
Answer
- Current ratio = Current Assets / Current Liabilities
= ($4800 + 10950 + 14400 + 1200) /
($2550 + 8630)
= 31350 / 11180
= 2.80
- Correct Answer = Option #1: 2.80
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The following balance sheet Information is provided for Duke Company for Year 2 Assets Cash Accounts...
The following balance sheet information is provided for Duke Company for Year 2: Assets Cash Accounts...
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