Sherman Lawn Service has cash of ($300,) receivables of ($800,) and supplies of ($400.) Sherman owes ($500)
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Sherman Lawn Service has cash of \($300,\) receivables of \($800,\) and supplies of \($400.\) Sherman owes \($500\) on accounts payable and salary payable of \($100. Sherman's\) current ratio is
a. 3.00
b. 0.31
c. 2.07
d. 2.50
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