Current liabilites-what is the value of recievables

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Appex Corporation has current liabilites of 2million, a current ratio of 3.0, a quick ratio of 2.0, and cash ratio of .75. Given the informaion, answer the following about the firms liquidity: (a) What is the value of inventory? (b) What is the value of recievables? (c) what will happen to each of the three ratios if 1 million in current liabilites is refunded with long term debt?

Reference no: EM131185076

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