Multiple Choice
Upriver Tours has balance sheet values of: Inventory $70,500; accounts receivable $50,700; accounts payable $58,900; cash $32,300,notes payable $20,000,long-term debt $134,700,and net fixed assets $504,500.What is the current ratio?
A) 1.95
B) .95
C) 2.11
D) 1.98
E) .98
Correct Answer:
Verified
Correct Answer:
Verified
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