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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 9: Accounting for Current Liabilities and Payroll
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    A Company's Classified Balance Sheet Shows Current Assets of $8,650
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A Company's Classified Balance Sheet Shows Current Assets of $8,650

Question 67

Question 67

Multiple Choice

A company's classified balance sheet shows current assets of $8,650 and current liabilities of $6,000.What is the company's current ratio?


A) 0.69 to 1
B) 1.44 to 1
C) 1.16 to 1
D) 3.26 to 1

Correct Answer:

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