Business, 07.03.2020 01:24, Requiem3327

A company has current assets of $90,000 (of which $40,000 is inventory and prepaid items) and current liabilities of $40,000. What is the current ratio? What is the acid-test ratio? If the company borrows $15,000 cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be? (R

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A company has current assets of $90,000 (of which $40,000 is inventory and prepaid items) and curren...