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Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314 Exercise 10
Calculate liquidity measures The following amounts were reported on the December 31, 2016, balance sheet:
Required:
a. Calculate working capital at December 31, 2016.
b. Calculate the current ratio at December 31, 2016.
c. Calculate the acid-test ratio at December 31, 2016.
Required:
a. Calculate working capital at December 31, 2016.
b. Calculate the current ratio at December 31, 2016.
c. Calculate the acid-test ratio at December 31, 2016.
Explanation
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(a) Calculate working capital at Decembe...
Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
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