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    Fundamental Accounting Principles Study Set 6
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    Exam 17: Analysis of Financial Statements
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    Jones Corp
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Jones Corp

Question 55

Question 55

Multiple Choice

Jones Corp.reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet.The current ratio is:


A) 1.4:1.
B) 0.7:1.
C) 0.3:1.
D) 1:1.
E) 0.4:1.

Correct Answer:

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