Multiple Choice
Rosewood Company had current assets of $582, current liabilities of $433, total assets of $732, and no long-term liabilities. If Rosewood executes a six-month note for $500, what is the new current ratio?
A) 0.76
B) 1.16
C) 1.34
D) 2.50
Correct Answer:
Verified
Correct Answer:
Verified
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