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A restaurant reported the following current assets: cash $11,200, credit card receivables $808, accounts receivable $260, food inventory $4,482, and prepaid expenses, $1,220. Current liabilities
- A restaurant reported the following current assets: cash $11,200, credit card receivables $808, accounts receivable $260, food inventory $4,482, and prepaid expenses, $1,220. Current liabilities total $6,912. Answer the following:
- a. Calculate the current ratio.
- 2:1
- 2.6:1
- 3:1
- 3.6:1
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
