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1. Johnston & Myers Inc. had the following balance sheet data for a recent year: Current assets $720,000 Property, plant, and equipment (net) 1,110,000 Current

1. Johnston & Myers Inc. had the following balance sheet data for a recent year: Current assets $720,000 Property, plant, and equipment (net) 1,110,000 Current liabilities 230,000 Long-term liabilities 450,000 Common stock, $10 par 250,000 Retained earnings 1,000,000 What is Johnston & Myers Inc.'s ratio of fixed assets to long-term liabilities? a. 0.9 b. 2.1 c. 4.1 d. 2.5

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