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    Financial Management Principles and Applications Study Set 2
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    Exam 4: Financial Analysis-Sizing up Firm Performance
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    Snort and Smiley Incorporated Has a Debt Ratio of
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Snort and Smiley Incorporated Has a Debt Ratio of

Question 84

Question 84

Multiple Choice

Snort and Smiley Incorporated has a debt ratio of .42, noncurrent liabilities of $20,000, and total assets of $70,000. What is Snort and Smiley's level of current liabilities?


A) $8,400
B) $9,400
C) $12,340
D) $10,600

Correct Answer:

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