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Cole Company Had the Following Accounts and Balances on December

Question 19

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Cole Company had the following accounts and balances on December 31, 2015:
Cole Company had the following accounts and balances on December 31, 2015:    REQUIRED: 1. Compute Cole's working capital. 2. Compute Cole's current ratio. What does this ratio indicate about Cole's condition? REQUIRED:
1. Compute Cole's working capital.
2. Compute Cole's current ratio. What does this ratio indicate about Cole's condition?

Correct Answer:

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