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    College Accounting
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    Exam 23: Financial Statement Analysis
  5. Question
    Simon Company Has Current Liabilities of $30,000 and a Current
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Simon Company Has Current Liabilities of $30,000 and a Current

Question 43

Question 43

True/False

Simon Company has current liabilities of $30,000 and a current ratio of 1.2. Its current assets, therefore, must equal $25,000.

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