The top management of Pratt Marketing Services examines the following company accounting records at August 29, immediately before the end of the year, August 31:Total current assets ………………… $ 324,700Noncurrent assets…………………… 1,067,500$1,392,200Total current liabilities ……………. $ 193,400Noncurrent liabilities ……………… 253,400Owner’s equity………………………. 945,400$1,392,200Suppose Pratt’s management wants to achieve a current ratio of 2.25. How much in current liabilities should Pratt’s pay off within the next two days in order to achieve its goal?View Solution:
The top management of Pratt Marketing Services examines the foll



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