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Ladabouche Corporation's Total Current Assets Are $390,000,its Noncurrent Assets Are

Question 25

Multiple Choice

Ladabouche Corporation's total current assets are $390,000,its noncurrent assets are $630,000,its total current liabilities are $330,000,its long-term liabilities are $420,000,and its stockholders' equity is $270,000.The current ratio is closest to:


A) 0.85
B) 0.79
C) 1.18
D) 0.62

Correct Answer:

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