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Gnas Corporation's Total Current Assets Are $210,000, Its Noncurrent Assets

Question 230

Multiple Choice

Gnas Corporation's total current assets are $210,000, its noncurrent assets are $590,000, its total current liabilities are $160,000, its long-term liabilities are $490,000, and its stockholders' equity is $150,000. The current ratio is closest to:


A) 1.31
B) 0.76
C) 0.33
D) 0.36

Correct Answer:

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