Quèstion 21 Mayfield Corporation has provided the following financial data Curre
ID: 2594671 • Letter: Q
Question
Quèstion 21 Mayfield Corporation has provided the following financial data Current assets $ 223,eee Cash Accounts receivable, net Inventory Prepaid expenses 236,88 Total current assets Plant and equipnent, net Total assets 202,890 10,e90 671,880 665,80e $1,336,890 tiabilities and Stockholders' Equity Current liabilities: Accounts payable $ 156,8e0 52,880 45,883 253,800 Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity 180.88 353,806 Common stock, $4 par value Additional paid-in capital Retained earnings 368,888 88,899 Total stockholders' equity Total liabilities & stockholders' equity 983990 $1,336,00 The company's current ratio is closest to 0.26 2.65 050 O 0.53 Moving to another question will save this response Type here to search 8Explanation / Answer
Current ratio = Current assets/Current liabilities
=$671,000/$253,000
= 2.65
Hence, correct option is 2.65
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