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11 Following are the Balance Sheet accounts for Year 1 of ABC Company Accounts Payable Accounts Receivable Bond Payable Cash Equipment Inventory $10,000 12.000 50.000

11 Following are the Balance Sheet accounts for Year 1 of ABC Company Accounts Payable Accounts Receivable Bond Payable Cash Equipment Inventory $10,000 12.000 50.000 8,000 80.000 14,000 Wages Payable 5,000 Calculate ABC's Current Ratio. Round your answer to TWO decimal places. Your answer may fall within one of the following ranges: 01.00-1.99 O less than 1.00 O 2.00-2.99 O 3.0 or greater G 1 pts

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