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At the beginning of the year, a firm had current liabilities of $700,000 and current assets of $840,000. By the end of the year, the
At the beginning of the year, a firm had current liabilities of $700,000 and current assets of $840,000. By the end of the year, the firm's current liabilities were at $900,00 and its current ratio had increased by 5%. What would the current assets be at the end of the year?
$945,000 | ||
$1,134,000 | ||
$1,260,000 | ||
$1,620,000 |
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