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Nunn Company Reported the Following Data What Was the Current Ratio?
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question 30

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Nunn Company reported the following data:  Quick Assets $55,000 Current assets 150,000 Total Liabilities 12,600 Average net receivables 107,600 Beginning inventory 38,000 Long-term liabilities 200,000 Net credit sales 126,000 Cost of goods sold 84,000 Ending inventory 46,000\begin{array} { | l | r | } \hline \text { Quick Assets } & \$ 55,000 \\\hline \text { Current assets } & 150,000 \\\hline \text { Total Liabilities } & 12,600 \\\hline \text { Average net receivables } & 107,600 \\\hline \text { Beginning inventory } & 38,000 \\\hline \text { Long-term liabilities } & 200,000 \\\hline \text { Net credit sales } & 126,000 \\\hline \text { Cost of goods sold } & 84,000 \\\hline \text { Ending inventory } & 46,000 \\\hline\end{array} What was the current ratio?


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Business Jargon

Specialized terminology or slang used within business environments, often understood only by those within the industry.

Earliest Convenience

Refers to the soonest possible time someone is able to do something, often used in formal requests for meetings or responses.

Request

An act of asking for something to be given or done, especially in a formal or polite manner.

Condense Sentences

To condense sentences involves making them shorter by removing unnecessary words or details, yet retaining their essential meaning.

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