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Team Shirts Had Current Assets of $2,500,long-Term Assets of $3,850,current

Question 7

Multiple Choice

Team Shirts had current assets of $2,500,long-term assets of $3,850,current liabilities of $1,450,long-term liabilities of $2,000,and shareholder's equity of $2,900.The current ratio (rounded) is ________.


A) 0.72
B) 1.84
C) 4.38
D) 1.72

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