What is the firms level of inventories

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1. Why is it sometimes misleading to compare a company's financial ratios with those of other firms that operate in the same industry?

2. Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its quick ratio is 1.0. What is the firm's level of current liabilities? What is the firm's level of inventories?

Reference no: EM131375946

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