Exercise 17-13 Computing current ratio and profit margin P3 Niantic reported the following financial information (amounts in millions). Compute the current ratio and profit margin. Current assets.. Total assets....... Current liabilities. ****** ***** $9,000 11,477 900 Net sales ........... $4,400 Net income. 176 *******

CURRENT RATIOCurrent Ratio is the Ratio between Current Assets & Current Liabilities.Current…

Answered: Exercise 17-13 Computing current ratio and profit margin P3 Niantic reported the following financial information (amounts in millions). Compute the current…

FINANCIAL ACCOUNTING

10th Edition

ISBN: 9781259964947

Author: Libby

Publisher: MCG

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Exercise 17-13
Computing current ratio and profit margin
P3
Niantic reported the following financial information (amounts in
millions). Compute the current ratio and profit margin.
Current assets.....
Total assets........
Current liabilities
******
$ 9,000
11,477
900
Net sales ........... $4,400
Net income.
176
.....

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