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Healthy Foods Has Total Assets of $129,800, Net Fixed Assets

Question 41

Multiple Choice

Healthy Foods has total assets of $129,800, net fixed assets of $71,500, long-term debt of $52,000, and total debt of $78,700. If inventory is $31,800, what is the current ratio?


A) 0.33
B) 0.46
C) 0.84
D) 1.18
E) 2.18

Correct Answer:

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