smuggycfa

I think there is a thread about this earlier in the week where everyone agreed there was an error.

But having not seen the wording. I suppose it is possible that the CA do not have any cash or cash equiv nor does the liabilities have notes and CMLTD.

that is to say the assets in the problem consist only of inventory, AR and WIP and libilities are AP. (ignoring tax and PP expenses)

Check the problem and let us know what they give you for CA and CL