Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if our company has current assets of $10.8 million

If our company has current assets of $10.8 million and current liabilities of $7.2 million,...

80.2K

Verified Solution

Question

Accounting

If our company has current assets of $10.8 million and current liabilities of $7.2 million, what is our current ratio? If you were a manager at the company, would you be satisfied with this current ratio number? Why or why not?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. Company B, manufactures a unique device that is used byinternet users to boost...

Accounting
Q

Your task is to take the above code, and insert comments (using the “%” symbol)...

Mechanical Engineering
Q

Discuss whether this evolutionary tree used the method of cladistics or phenetics to achieve the...

Biology
Q

A sphere of mass m makes SHM in a hemispherical bowl ABC and it moves...

Physics
Q

The parabola is tangent to the x axis has y intercept 18 and passes through...

Geometry
Q

A cooler contains 100 ice cream bars There are 30 Vanilla bars 40 Mint Chocolate...

Statistics
Q

Determine if the function e is an eigenfunction of the operator x 2 2 2...

Algebra
Q

please help On...

Accounting
Q

A Al pasar a otra pregunta se guardar esta respuesta. Pregunta 8 Ace Bonding Company...

Accounting
Q

When treasury stock is sold for more than the company originally paid to purchase the...

Accounting
Q

Alyeska Services Company, a division of a major oil company, provides various services to the...

Accounting
Q

Karim works in a retail computer store. He receives a weekly base salary of $250...

Accounting