Lee Company Has A Current Ratio Of 2 65 The Acid Test Ratio Is 2 01 The Current
Lee Company has a current ratio of 2.65. The acid test ratio is 2.01. The current liabilities of Lee are $45,000. Assuming there are no prepaid expenses, the dollar amount of merchandise inventory is A. $28,800. B. $90,540. C. $28,008.D. $90,450
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