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35. Calculate Clayton Corporation ' s current ratio with the followinginformation, rounding to two decimal places. Determine if the company is in a stronger position

35. Calculate Clayton Corporation ' s current ratio with the followinginformation, rounding to two decimal places. Determine if the company is in a stronger position in Year 1 or Year 2.

Year 2 Year 1

Current assets $6,500 $ 6,550

Fixed assets 11,000 15,000

Current liabilities 7,250 9,000

Long-term liabilities 9,500 12,000

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