Paul Company has $17,000 in cash,$3,000 in marketable securities,$36,000 in current receivables,$24,000 in inventories,and $45,000 in current liabilities.The company's current ratio is closest to:
A) 0.44 to 1.
B) 0.80 to 1.
C) 1.24 to 1.
D) 1.78 to 1.
Correct Answer:
Verified
Q63: Eastham Company's accounts receivable were $600,000 at
Q64: Andy Inc.has $15,000 in cash,$38,000 in current
Q65: Harwichport Company has a current ratio of
Q66: Grapp Company had $130,000 in sales on
Q67: Erack Company has $15,000 in cash,$4,000 in
Q69: Grave Company had $150,000 in sales on
Q70: Eral Company has $17,000 in cash,$3,000 in
Q71: Ben Company has the following data for
Q72: Erambo Company has $11,000 in cash,$6,000 in
Q73: Frantic Company had $130,000 in sales on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents