pv ratio, Financial Accounting

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On July 1, 2010, Spear Co. issued 1,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2010 and mature on April 1, 2020. Interest is payable sem

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Example of Short-term Solvency                           Current Ratio = Current Assets / Current Liabilities                                                = 5.38

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