Cotuit company has a current ratio of 36 and an acid-test, Accounting Basics

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Cotuit company has a current ratio of 36 and an acid-test

Question: Cotuit Company has a current ratio of 3.6 and an acid-test ratio of 2.4. The company's current assets consist of cash, marketable securities, accounts receivable, and inventory. The company's inventory is $84,000. Cotuit Company's current liabilities must be: (Round your intermediate calculations to 1 decimal place.)

$100,800

$168,000

$84,000

$70,000

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Accounting Basics: Cotuit company has a current ratio of 36 and an acid-test

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Accounting Basics: Cotuit company has a current ratio of 36 and an acid-test

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