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How the company current asset of inventory would impact

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Reference no: EM132903027

Cash $20,000.00

A/R $70,000.00

Inventory $100,000.00

A/P(Short Term) $160,000.00

Bonds Payable (long term debt) $400,000.00

Common Stock (Outstanding Shares 1,000) $30,000.00

Retained Earnings $180,000.00

Fixed Assets $580,000.00

Problem 1: If a company had a Current Ratio of 1.5 and a Quick Ratio of .75, would you extend credit to this company on a short term basis? Consider how the company's current asset of inventory would impact your decision. Provide your reasoning.

Reference no: EM132903027

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