Current ratio and quick ratio of a company are 3:1 and 2:1 respectively. Current liability is $30000. what is the value of the inventory?
Added by Olga R.
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The current ratio is 3:1, which means that for every $3 of current assets, the company has $1 of current liabilities. Since the current liability is $30,000, we can calculate the value of current assets as follows: Current assets = Current ratio * Current Show more…
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