Suppose A company has current assets of $3 million. The companys current ratio is 1.5 and its quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the companys current assets is represented by inventory?
Submitted by: AdministratorCurrent assets/Current Liabilities =1.5
(Current assets minus inventory)/Current Liabilities =1
Thus
Current Liabilities = 2 m
Inventory = 1 m
Submitted by: Administrator
(Current assets minus inventory)/Current Liabilities =1
Thus
Current Liabilities = 2 m
Inventory = 1 m
Submitted by: Administrator
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