Southern New Hampshire University
FIN-320 Principles of Finance
EXAM 2 questions and answers
1
Consider the following information:
Total current assets
$51,787
Deferred income taxes
$1,242
Inventories
$3,485
Prepaid expenses
$1,116
Other assets
$4,148
Total current liabilities
$42,191
What is the current ratio?
0.87
1.14
1.23
0.81
CONCEPT
Liquidity Ratios
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