Answered: If a company computes its current ratio…

If a company computes its current ratio to be 3.56, what does this mean interms of the company’s current assets and current liabilities?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process

Section: Chapter Questions

Problem 12Q

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If a company computes its current ratio to be 3.56, what does this mean in
terms of the company’s current assets and current liabilities?

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Current Ratio:

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The terms of the company’s current assets and current liabilities is as follows:

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