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If Current Assets Amount to $62,000, Total Assets $350,000, Current

Question 153

Multiple Choice

If current assets amount to $62,000, total assets $350,000, current liabilities $31,000, and total liabilities $125,000, then the current ratio is

A) 3.0 to 1
B) 0.5 to 1
C) 2.0 to 1
D) 2.8 to 1

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