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How much inventory could it purchased on account

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Question - Long-term assets are $800 current liabilities are $24,800 and long-term liabilities are $600. If the current ratio is 1.43 to 1 then current assets are?

Speed company has current assets of $196,500 and current liabilities of $25,555. How much inventory could it purchased on account and achieve its minimum desired current ratio of 2 to 1?

Reference no: EM132053907

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