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  3. Study Set
    College Accounting
  4. Exam
    Exam 23: Financial Statement Analysis
  5. Question
    The Szett Company Has Current Assets of $650,000 and Total
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The Szett Company Has Current Assets of $650,000 and Total

Question 24

Question 24

True/False

The Szett Company has current assets of $650,000 and total liabilities of $430,000. Its current ratio is 2. The portion of current liabilities, therefore, must be equal to $300,000.

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