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    Modern Advanced Accounting in Canada Study Set 1
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    Exam 1: Conceptual and Case Analysis Frameworks for Financial Reporting
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    The Formula for the Current Ratio Is
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The Formula for the Current Ratio Is

Question 16

Question 16

Multiple Choice

The formula for the current ratio is:


A) current assets - current liabilities
B) current assets/current liabilities
C) total debt/shareholders' equity
D) net income/shareholders' equity

Correct Answer:

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