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A Company Has Current Assets of $105,000 and Current Liabilities

Question 87

Multiple Choice

A company has current assets of $105,000 and current liabilities of $35,000.A $6,000 sale on account was made.After this transaction,its current ratio will be: (Round your final answer to two decimal places. )


A) 0.33.
B) 2.83.
C) 3.00.
D) 3.17.

Correct Answer:

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