A Company Has a Current Ratio of 3

question 185

Short Answer

A company has a current ratio of 3.4,total liabilities of $350,240 and long-term notes payable of $120,000.What are total current assets for the company?

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Definitions:

Democracy

A system of government in which power is vested in the people, who rule either directly or through freely elected representatives.

Governmental Power

The authority and influence that a government holds in order to govern and administer its jurisdiction, including making laws, enforcing them, and managing public services.

Native Americans

Indigenous peoples of the Americas, the original inhabitants before European colonization.

Revolutionary War

A conflict from 1775 to 1783 in which the American colonies successfully fought for independence from British rule, becoming the United States.