HW17 bus.docx - Mel Quijano Bus 051 Professor Christopher...

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Mel Quijano Bus 051 Professor Christopher Zilg Homework Chapter 17 Taking it to the Net Potz and Pans, a small gift shop, has current assets of $45,000 (including inventory valued at $30,000) and $9,000 in current liabilities. WannaBees, a specialty clothing store, has a current asset of $150,000 (including inventory valued at $125,000) and $85,000 in current liabilities. Both businesses have applied for loans. 1. Calculate the current ratio for each company. Which company is more likely to get the loan? Why?

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