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11. The ABC Corporation has $200,000 of cash. $400,000 of accounts receivables, $600,000 in inventory, and current liabilities of $400,000. The current ratio of ABC
11. The ABC Corporation has $200,000 of cash. $400,000 of accounts receivables, $600,000 in inventory, and current liabilities of $400,000. The current ratio of ABC is: a. 1.0 b. 1.5 c. 2.0 d. 2.5 e. 3.0 12. Ryngard Corp's sales last year were $38,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)? a. 2.04 b. 2.14 c. 2.26 @ 2.38 e. 2.49
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