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A Company Has $110,000 in Current Assets; $600,000 in Total

Question 18

Multiple Choice

A company has $110,000 in current assets; $600,000 in total assets; $80,000 in current liabilities, and $140,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimal places.)


A) 1.38
B) 1.82
C) 1.73
D) 0.79

Correct Answer:

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