Brief Exercise 8-17(Algo) Calculate current ratio and acid-test ratio (LO8-6) Airline Accessories has...
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Brief Exercise Algo Calculate current ratio and acidtest ratio LO Airline Accessories has the following current assets: cash, $ million; receivables, $ million; inventory, $ million; and other current assets, $ million. Airline Accessories has the following liabilities: accounts payable, $ million; current portion of longterm debt, $ million; and longterm debt, $ million. Based on these amounts, calculate the current ratio and the acidtest ratio for Airline Accessories. Enter your answers in millions, not in dollars. For example, $ should be entered as
Brief Exercise Algo Calculate current ratio and acidtest ratio LO
Airline Accessories has the following current assets: cash, $ million; receivables, $ million; inventory, $ million; and other
current assets, $ million. Airline Accessories has the following liabilities: accounts payable, $ million; current portion of longterm
debt, $ million; and longterm debt, $ million. Based on these amounts, calculate the current ratio and the acidtest ratio for Airline
Accessories. Enter your answers in millions, not in dollars. For example, $ should be entered as
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