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How would find the current ratio

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Question 1: How would you find the current ratio? Acid test ratio? New current ratio? New acid test ratio?

  • A company has current assets of $86,000 (of which $39,000 is inventory and prepaid items) and current liabilities of $39,000. What is the current ratio? What is the acid-test ratio? If the company borrows $17,000 cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be?

Reference no: EM132464151

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