Business, 16.06.2021 19:30 lucylubugg

In its most recent annual report, Appalachian Beverages reported current assets of $39,900 and a current ratio of 1.90. Assume that the following transactions were completed: (1) purchased merchandise for $5,100 on account and (2) purchased a delivery truck for $10,000, paying $2,000 cash and signing a two-year promissory note for the balance. Required:
Compute the updated current ratio.

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In its most recent annual report, Appalachian Beverages reported current assets of $39,900 and a cur...

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