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Peter's Motor Works Has Total Assets of $689,400,long-Term Debt of $299,500,total

Question 122

Multiple Choice

Peter's Motor Works has total assets of $689,400,long-term debt of $299,500,total equity of $275,000,net fixed assets of $497,800,and sales of $721,500.The profit margin is 4.6 percent.What is the current ratio?


A) 0.60
B) 0.91
C) 1.01
D) 1.67
E) 2.16

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