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    Accounting NZ
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    Exam 6: Analysis and Interpretation of Financial Statements
  5. Question
    If Line Ltd Has a Current Ratio of 2
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If Line Ltd Has a Current Ratio of 2

Question 32

Question 32

Multiple Choice

If Line Ltd has a current ratio of 2.5:1 and current assets are $600,000, how much are the company's current liabilities?


A) $200,000
B) $300,000
C) $360,000
D) $240,000

Correct Answer:

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