The Seabury Corporation Has a Current Ratio of 3

question 182

Multiple Choice

The Seabury Corporation has a current ratio of 3.5 and an acid-test ratio of 2.8. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventories. Inventory equals $49,000. Seabury Corporation's current liabilities must be: (Round your intermediate calculations to 1 decimal place.) Garrison 16e Rechecks 2017-10-04

• A) $70,000
• B) $100,000
• C) $49,000
• D) $125,000

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