Solution-Determine the number of current ratio as of

Determine the number of current ratio as of december

Reference no: EM133102278

Question - The following financial information is for Chesapeake Corporation are for the fiscal years ending 2020 & 2019 (all balances are normal):

Item/Account	2020	2019
Cash	37,000	$24,000
Accounts Receivable	50,000	52,000
Inventory	46,000	48,000
Current Liabilities	84,000	42,000
Net Sales (all credit)	550,000	485,000
Cost of Goods Sold	288,000	265,000

Required - Use this information to determine the number of current ratio as of December 31, 2020?

Reference no: EM133102278

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Determine the number of current ratio as of december

Reference no: EM133102278

Reference no: EM133102278

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