Evaluate the following information for Team Shirts.
Part A: Calculate the current ratio for Team Shirts (round to two decimal places).
Part B: Is the ratio acceptable or unacceptable? Why?
Part C: Advise Team Shirts how to improve the ratio.
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Q141: Preventive controls include _.
A)having the company's accountant
Q142: Evaluate the following information for Team Shirts:
Part
Q143: The current ratio measures a company's ability
Q144: Liquidity _.
A)represents the amount of financial risk
Q145: Evaluate the following information for Team Shirts.
Part
Q147: Team Instructions: Divide the class into teams
Q148: Team Shirts has $240,000 in total current
Q149: Internal controls are _.
A)laws and regulations imposed
Q150: Team Shirts has $189,000 in total current
Q151: Ima Knerd is happy with the progress
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