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Marshall Company has a current ratio of 2: The company's liabilities consist of:

Marshall Company has a current ratio of 2:1. The company's liabilities consist of:

Current liabilities $ 20,000

Non current liabilities 80,000

Owner's Equity 20,000

Total liabilities+ Equity $120,000


The amount of current assets is:

I know it is $40,000 I just don't understand the steps to get the answer

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The answer to this question... View the full answer

2 comments
  • thank you
    • azzanna92
    • May 01, 2018 at 10:06pm
  • Most glad to be of help :)
    • payaljain3
    • May 02, 2018 at 11:03am

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Answer The amount... View the full answer

2 comments
  • thank you
    • azzanna92
    • May 01, 2018 at 10:06pm
  • You are most welcome
    • rocky4ever
    • May 01, 2018 at 10:24pm

Attached is a detailed explanation... View the full answer

2 comments
  • thank you
    • azzanna92
    • May 01, 2018 at 10:06pm
  • Welcome
    • sonyplayer1987
    • May 02, 2018 at 6:14am

20000X2= 40000 current... View the full answer

1 comment
  • thank you
    • azzanna92
    • May 01, 2018 at 10:06pm

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