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  3. Study Set
    Using Financial Accounting Study Set 1
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    Exam 9: Current Liabilities, Contingencies, and the Time Value of Money
  5. Question
    Redfearn Company Has Current Assets of $150,000 and Current Liabilities
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Redfearn Company Has Current Assets of $150,000 and Current Liabilities

Question 152

Question 152

Multiple Choice

Redfearn Company has current assets of $150,000 and current liabilities of $60,000. How much inventory could it purchase on account and achieve its minimum desired current ratio of 2 to 1?


A) $30,000
B) $40,000
C) $10,000
D) $20,000

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