Using Financial Accounting Information
Using Financial Accounting Information
10th Edition
ISBN: 9781337276337
Author: Porter, Gary A.
Publisher: Cengage Learning,
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Chapter 2, Problem 2.5.1AAP
To determine

Concept Introduction:

Current ratio is one of the liquidity ratios used in analysis of liquidity of the business. Current ratio is calculated by dividing the total current assets by total current liabilities. The ideal current ratio is 2:1.

To calculate: The working capital and current ratio.

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Chapter 2 Solutions

Using Financial Accounting Information

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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License