Multiple Choice
Calculate the current ratio given the following information: current liabilities = $40,000; sales = $90,000; cost of goods sold = $32,000; cash ratio = 1.10; accounts receivable turnover = 5; inventory turnover = 3.
A) 1.60
B) 1.70
C) 1.80
D) 1.90
E) 2.00
Correct Answer:
Verified
Correct Answer:
Verified
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