Carrier Travel has cash of ($200), receivables of ($800), and supplies of ($500). Carrier owes ($400) on

Question:

Carrier Travel has cash of $$200$, receivables of $$800$, and supplies of $$500$. Carrier owes $$400$ on accounts payable and salary payable of $$100$. Carrier's current ratio is:

a. 0.541

b. 3.00

c. 0.33

d. 1.67

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