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A firms long term debt to equity ratio is 2.5:1. The total assets in the firm are valued 36 million. The current ratio is 1.5:1
A firms long term debt to equity ratio is 2.5:1. The total assets in the firm are valued 36 million. The current ratio is 1.5:1 and owners equity is 8 million. What is the amount of current assets of the firm? A. 20 million B. 8 million C. 12 million D. 6 million
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