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As of December 31, 2019, Knox Company had current assets of $500,000 and current liabilities of $400,000. The current ratio is A) 0.20 B) 0.25
As of December 31, 2019, Knox Company had current assets of $500,000 and current liabilities of $400,000. The current ratio is A) 0.20 B) 0.25 C) 1.25 D) 8.00 E) none of the above
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