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Other Fields Homework Help Accounting Topic started by: majestico on Jun 6, 2017



Title: Smith Company has the following account balances:Cash$100,000Accounts Receivable50,000Merchandise ...
Post by: majestico on Jun 6, 2017
Smith Company has the following account balances:

Cash   $100,000
Accounts Receivable   50,000
Merchandise Inventory   250,000
Equipment   400,000
Accounts Payable   50,000
Bonds Payable due in 10 years   300,000

Calculate Smith Company's current ratio.
A) 8.0
B) 7.6
C) 16.0
D) 2.0


Title: Re: Smith Company has the following account balances:Cash$100,000Accounts ...
Post by: Ompa on Jun 6, 2017
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