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A Company Has Current Assets of $80,000, Long-Term Assets of $150,000

Question 146

Multiple Choice

A company has current assets of $80,000, long-term assets of $150,000, current liabilities of $60,000, and long-term liabilities of $40,000. The current ratio is:


A) .80.
B) 1.33.
C) 2.00.
D) 2.33.

Correct Answer:

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