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3 years ago

12

JB Enterprises has $2.5 million of current assets and $1.5 million of current liabilities. Therefore, their current ratio is 1.6

7. What would the current ratio be if they decide to use $500,000 of cash to reduce current accounts payable

1 answer:

MrRa [10]3 years ago

3 0

It would be a 2.5 ratio

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