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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

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92572423

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