Business
Business, 23.08.2020 01:01, brae72

The financial statements for Lexington Service Company include the following items Cash $52,500 $49,000
Short-term Investments 33,000 20,000
Net Accounts Receivable 52,000 51,000
Merchandise Inventory 160,000 46,000
Total Assets 534,000 553,000
Accounts Payable 129,500 126,000
Salaries Payable 25,000 14,000
Long-term Note Payable 58,000 55,000
Compute the current ratio for 2016. (Round answer to two decimal places.)
A) 1.19
B) 0.84
C) 3.95
D) 6.66

answer
Answers: 3

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The financial statements for Lexington Service Company include the following items Cash $52,500 $49...

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