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Team Shirts Has $233,000 in Total Current Assets and $141,500

Question 158

Essay

Team Shirts has $233,000 in total current assets and $141,500 in total current liabilities.
1.Calculate the current ratio (rounded to one decimal place)for Team Shirts.
2.Is this a more favorable ratio than 0.9 to 1?

Correct Answer:

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1.$233,000/$141,500 ...

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