Solution-Compute the current ratio at december

Compute the current ratio at december

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Reference no: EM133132087

Question - Selected financial statement data for Skysong Company are presented below.

	December 31, 2020	December 31, 2019
Cash	$42,700	$30,900
Short-term investments	19,300	17,800
Receivables (net)	94,750	94,000
Inventory	83,600	67,000
Total current liabilities	104,500	95,000

During 2020, net sales were $849,375, and cost of goods sold was $753,000. Compute the current ratio at December 31, 2020.

Reference no: EM133132087

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Compute the current ratio at december

Reference no: EM133132087

Reference no: EM133132087

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