Business, 10.03.2020 09:09 Nismo3501037

You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:

cash and marketable securities = $360,000;
accounts receivable = $1,280,000;
inventory = $2,180,000;
accrued wages and taxes = $540,000;
accounts payable = $840,000; and
notes payable = $680,000.

Calculate Current Ratio?

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You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find th...

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