Based on the following data, what is the current ratio, rounded to one decimal point? Based on the following data, what is the current ratio, rounded to one decimal point? Accounts payable $30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 40,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Marketable securities 30,000 Fixed assets 670,000 Prepaid expenses 1,000

Based on the following data, what is the current ratio, rounded to one decimal point? Based on the following data, what is the current ratio, rounded to one decimal point? Accounts payable $30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 40,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Marketable securities 30,000 Fixed assets 670,000 Prepaid expenses 1,000

Name: Based on the following data, what is the current ratio, rounded to one
Uploaded: 2022-11-18T00:26:54.000Z
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Description: Based on the following data, what is the current ratio, rounded to one decimal point?Based on the following data, what is the current ratio, rounded to one decimal point?Accounts payable$30,000Accounts receivable60,000Accrued liabilities5,000Cash40,0

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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Accounts payable	$30,000
Accounts receivable	60,000
Accrued liabilities	5,000
Cash	40,000
Intangible assets	50,000
Inventory	69,000
Long-term investments	80,000
Long-term liabilities	100,000
Marketable securities	30,000
Fixed assets	670,000
Prepaid expenses	1,000