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Question

/edugen.wileyplus.com/edugen/student/mainfr.uni Gradebook |ORION Downloadable eTextbook Assignment Multiple Choice Question 122 Using the following balance sheet and income statement data, what is the current $44300 67000 28400 $23800 Net income Current assets Current liabilities Average assets Total assets 12800 Stockholders' equity 134000 Total liabilities 93000 Average common shares outstanding was 16000. 3.27 :1 1.86:1 0.84:1 0.58:1 Click if you would like to Show Work for this question: Qnsn show Work INK TO TEXT

Explanation / Answer

Answer

1.86 : 1

current ratio = current assets / current liabilities

= 23800 / 12800

= 1.86

  

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