Multiple Choice
The finance managers collected the following information for their firm: Total Assets = $60,000; Current Assets = $10,000; Long-term Liabilities = $100,000; Current Liabilities = $8000. What is the current ratio?
A) 2.50
B) 2.00
C) 1.25
D) 1.00
Correct Answer:
Verified
Correct Answer:
Verified
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