The cash ratios of four companies are listed below. Company Cash Ratio Juan Corp. 0.21 Rose, Inc. 0.12 Freelance, Inc. 0.20 Pioneer Corp. 0.28 Which company has the highest ability to repay its current liabilities? A. Freelance, Inc. B. Juan Corp. C. Rose, Inc. D. Pioneer Corp.
The cash ratios of four companies are listed below. Company Cash Ratio Juan Corp. 0.21 Rose, Inc. 0.12 Freelance, Inc. 0.20 Pioneer Corp. 0.28 Which company has the highest ability to repay its current liabilities? A. Freelance, Inc. B. Juan Corp. C. Rose, Inc. D. Pioneer Corp.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 33CE: Liquidity Ratios NWAs financial statements contain the following information: Note: Round answers to...
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Question
The cash ratios of four companies are listed below.
Company
|
Cash Ratio
|
Juan Corp.
|
0.21
|
Rose, Inc.
|
0.12
|
Freelance, Inc.
|
0.20
|
Pioneer Corp.
|
0.28
|
Which company has the highest ability to repay its current liabilities?
Freelance, Inc.
Juan Corp.
Rose, Inc.
Pioneer Corp.
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