For example: -10234.35
No other characters, including commas, are accepted.
Cost of sales
Trade accounts payable at 31 August 20X6
What was the current ratio based upon the available information?
Bank overdraft $775
The industry the company operates in has a current ratio norm of 1.5. Companies who manage liquidity well in this industry have a current ratio lower than the norm.
Which of the following statements accurately describes the company's liquidity position?
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.