Appex corporation has current liabilites of 2million a


Appex Corporation has current liabilites of 2million, a current ratio of 3.0, a quick ratio of 2.0, and cash ratio of .75. Given the informaion, answer the following about the firms liquidity: (a) What is the value of inventory? (b) What is the value of recievables? (c) what will happen to each of the three ratios if 1 million in current liabilites is refunded with long term debt?

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Financial Management: Appex corporation has current liabilites of 2million a
Reference No:- TGS01567308

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