The Seabury Corporation Has a Current Ratio of 3

question 261

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:

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

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Definitions:

Conditional Sales Contract

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