The Moose Hardware Company Had Total Current Assets of $379,090

question 5

Short Answer

The Moose Hardware Company had total current assets of $379,090 and total current liabilities of $63,000. Compute the working capital ratio. (Round answer to two decimal places.)

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Definitions:

Union Dues

The fees paid by members to a labor union to fund the organization's activities, including collective bargaining, legal services, and member benefits.

Taft-Hartley Act

A 1947 federal law in the United States that acts as an amendment to the National Labor Relations Act, placing restrictions on labor unions, including prohibiting certain union practices and expanding the rights of employers.

National Boycott

A collective action by a group of people or organizations refusing to use, buy, or deal with products or services as a form of protest, typically on a national scale.

Union Demands

The requirements or conditions put forth by a labor union during negotiations with employers, regarding wages, benefits, working conditions, and other employment terms.