The Watkins Company reported the following: $710 Accounts receivable $1,350 Accounts payable 380 Prepaid expenses 1,200...

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The Watkins Company reported the following: $710 Accounts receivable $1,350 Accounts payable 380 Prepaid expenses 1,200 Inven

business accounting

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Answer 1

Answer #1

Solution:

Current assets = 710+1200+380+230 +860 = $3380

Current liabilities = 1350+4400+920 = $6670

Current ratio = 3380 / 6670 = 0.51

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Answer 2

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Add Answer to: The Watkins Company reported the following: $710 Accounts receivable $1,350 Accounts payable 380 Prepaid expenses 1,200...

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The Watkins Company reported the following: $710 Accounts receivable $1,350 Accounts payable 380 Prepaid expenses 1,200...