Multiple Choice
Calculate the current ratio from the following information: Sales = $14,000
Bills receivable = $100,000
Cash in hand = $40,000
Current liabilities = $50,000
Inventories = $40,000
Net Income = $5,600
A) 8:5
B) 3.6:1
C) 0.4:1
D) 3:5
E) 2:3
Correct Answer:
Verified
Correct Answer:
Verified
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