A company has total assets of ($ 500,000) and noncurrent assets of ($ 400,000). Current liabilities are

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A company has total assets of $\$ 500,000$ and noncurrent assets of $\$ 400,000$. Current liabilities are $\$ 40,000$. What is the current ratio?

a. 12.5

b. 10.0

c. 2.5

d. Cannot be determined without additional information.

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Financial Accounting

ISBN: 9780078111020

7th Edition

Authors: Robert Libby, Patricia A Libby

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Question Posted: May 23, 2024 10:02 AM

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A company has total assets of ($ 500,000) and noncurrent assets of ($ 400,000). Current liabilities are

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Financial Accounting

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