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Use This Balance Sheet and Income Statement for the First

Question 1

Multiple Choice

Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. -The current ratio for Cane Construction is A) 1.75. B) 0.57. C) 1.4. D) 2.0.
Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. -The current ratio for Cane Construction is A) 1.75. B) 0.57. C) 1.4. D) 2.0.

-The current ratio for Cane Construction is


A) 1.75.
B) 0.57.
C) 1.4.
D) 2.0.

Correct Answer:

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