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A Company Has Total Assets of $120,000, Current Assets of $80,000

Question 64

Multiple Choice

A company has total assets of $120,000, current assets of $80,000, total liabilities of $50,000, and current liabilities of $25,000. What is the current ratio?


A) 4.80 to 1
B) 3.20 to 1
C) 2.40 to 1
D) 1.60 to 1

Correct Answer:

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