Multiple Choice
The Seabury Corporation has a current ratio of 3.5 and an acid-test ratio of 2.8.The corporation's current assets consist of cash,marketable securities,accounts receivable,and inventories.Inventory equals $49,000.Seabury Corporation's current liabilities must be:
A) $70,000
B) $100,000
C) $49,000
D) $125,000
Correct Answer:
Verified
Correct Answer:
Verified
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