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A company has current assets of $480,000 and a current ratio is 2.80. Assume that the company prepays rent for 9 months in the amount
A company has current assets of $480,000 and a current ratio is 2.80. Assume that the company prepays rent for 9 months in the amount of $23,000. The current ratio after this transaction is closest to: |
2.67.
2.93.
2.80.
3.23.
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