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The Current Ratio for a Company with Current Assets of $129,000

Question 60

Multiple Choice

The current ratio for a company with current assets of $129,000, current liabilities of $51,000, total assets of $152,000, and net sales of $84,000, would be: (Round your answers two decimal places, X.XX%.)


A) 2.98.
B) 0.40.
C) 2.53.
D) 0.34.

Correct Answer:

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