Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume the following: total asset equals 100,000

Assume the following: Total Asset equals 100,000 of which Current Assets equals 60,000 ...

60.1K

Verified Solution

Question

Accounting

Assume the following: Total Asset equals 100,000 of which Current Assets equals 60,000 Total Liabilities equals 50,000 of which Current Liabilities equals 40,000 Determine the current ratio Enter the amount as a percentage (75%, 110%) or a decimal (0.75, 1.10). Round to two decimal places.
image
Assume the following: - Total Asset equals 100,000 of which Current Assets equals 60,000 - Total Liabilities equals 50,000 of which Current Liabilities equals 40,000 - Determine the current ratio Enter the amount as a percentage (75%,110%) or a decimal (0.75,1.10). Round to two decimal places

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Select the correct statement about the hormonal events of the ovarian cycle A. High estrogen levels...

Programming
1.2K views

Yasha swam in a pool the size of the NxM meters and was tired. At this...

Mechanical Engineering
1.2K views

list and explain the principles of behavior-based safety and why an employer should use this concept...

Basic Math
1.2K views

Use the simplex algorithm to solve the following LP Maximize z 2x1 x2 s t...

Basic Math
1.2K views

One telephone company charges $16.95 per month and $0.05 per minute for local calls. Another...

Basic Math
1.2K views

The angle of depression of an object refers to the angle whose initial side is...

Basic Math
1.2K views

Find the domain of the function f(x) = In (x-3) + log (x - 5).(Give...

Statistics
1.2K views

Solve Part 3 of 7 of dice is rolled Find the probability of rolling sum...

Algebra
1.2K views

olve the following optimization model using Excel Solver Upload the final excel fi in 2x...

Accounting
1.2K views

Presented below are the components in determining cost of goods sold. Determine the missing amounts

Finance
1.2K views

Jazelle Momba wants to visit her family in Zimbabwe in 2022, which is 6 years...

Accounting
1.2K views

Discuss the major characteristics of the organization and conduct of CPA firms permit them to...