Essay
Lockhart Corp.'s December 31,2017,balance sheet reported current assets of $120,000 and current liabilities of $100,000.The current ratio increased by 25% one year later,on December 31,2018.Current liabilities on this date were $140,000.Determine current assets on December 31,2018.
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The current ratio on December 31,2017,is...View Answer
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