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Compute the current ratio at december

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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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