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The Current Ratio for a Company with Current Assets of $73,000

Question 122

Multiple Choice

The current ratio for a company with current assets of $73,000, quick assets of $31,000, total assets of $160,000, current liabilities of $46,000, and net sales of $77,000 would be: (Round your final answer to two decimal places.)


A) 0.19.
B) 1.59.
C) 3.48.
D) 0.94.

Correct Answer:

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