Multiple Choice
The classified balance sheet for a company reported current assets of $1,623,850, total liabilities of $799,540, Common Stock of $1,000,000, and Retained Earnings of $130,260.The current ratio was 2.5.
-Use the information above to answer the following question.What is the total amount of current liabilities?
A) $649,540.
B) $4,059,625.
C) $771,920.
D) $799,540.
Correct Answer:
Verified
Correct Answer:
Verified
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