Your current assets consist of cash accounts receivable and, Financial Management

Your current assets consist of cash accounts receivable and

Your current assets consist of cash, accounts receivable, and inventory. Total current liabilities equal $200,000. The average collection period is 20 days on average daily credit sales of $2,500. The current ratio is 1.3 and the quick ratio is 0.625. What is the balance in the cash account? a. $ 75,000 b. $ 65,000 c. $135,000 d. $ 50,000

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Financial Management: Your current assets consist of cash accounts receivable and

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