45) Based on the following information from Schutte Company's balance sheet, calculate the current ratio. Current...

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45) Based on the following information from Schutte Companys balance sheet, calculate the current ratio. Current assets Inve

business accounting

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Answer 1

Answer #1

Current ratio=Current assets/Current liabilities

=87000/39000

which is equal to

=$2.23:$1.00

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Answer 2

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