Business, 01.05.2021 21:10 adanamador8807
In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and a current ratio of 1.80. Assume that the following transactions were completed: (1) purchased merchandise for $6,000 on account, and (2) purchased a delivery truck for $10,000, paying $1,000 cash and signing a two-year promissory note for the balance.
Compute the updated current ratio (round answers to 2 decimal places)
Transaction (1)
Transaction (2)
Answers: 2
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In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and a cur...
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