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A Company Has Cash of $215,000;short-Term Investments of $45,000;net Receivables

Question 3

Multiple Choice

A company has cash of $215,000;short-term investments of $45,000;net receivables of $75,000;and inventory of $100,000.Current liabilities total $80,000.The current ratio is:


A) 5) 28:1.
B) 4) 44:1.
C) 5) 44:1.
D) 4) 89:1.

Correct Answer:

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