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Accounting

ACC 205 Week Five Exercise Assignment Solution -6 Answers

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SOLUTION 1
Liquidity Ratios
Edison
1 Current ratio
Current Assets / Current Liabilities
3.00
Current Assets
10800
Current Liabilities
3600
2 Quick ratio
(Current Assets - Inventory- Prepaid
expenses) / Current Liability
2.50

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Current Assets
10800
Current Liabilities
3600
Inventory
1,000
Prepaid expenses
800

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