A company reports current assets of $50,000 and current liabilities of $20,000. Its current ratio is a.

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A company reports current assets of

$50,000 and current liabilities of $20,000.

Its current ratio is

a. 0.40.

b. 2.50.

c. 1.00.

d. none of the above.

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Financial Accounting The Impact On Decision Makers

ISBN: 9780324655230

6th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jun 05, 2024 01:05 AM

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A company reports current assets of $50,000 and current liabilities of $20,000. Its current ratio is a.

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Financial Accounting The Impact On Decision Makers

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