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Given the Following Information, Calculate the Current Ratio: Liquid Assets

Question 8

Multiple Choice

Given the following information, calculate the current ratio: Liquid assets = $5,000
Monthly credit payments = $800
Monthly savings = $760
Net worth = $75,000
Current liabilities = $2,000
Take-home pay = $2,300
Gross income = $3,500
Monthly expenses = $2,050


A) 2.44
B) 2.50
C) 6.25
D) 0.16
E) 0.41

Correct Answer:

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