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Gnas Corporation's Total Current Assets Are $252,000, Its Noncurrent Assets

Question 4

Multiple Choice

Gnas Corporation's total current assets are $252,000, its noncurrent assets are $632,000, its total current liabilities are $188,000, its long-term liabilities are $518,000, and its stockholders' equity is $178,000. The current ratio is closest to:


A) 1.34
B) 0.75
C) 1.42
D) 1.06

Correct Answer:

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