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Based on the following information from Schrute Company's balance sheet, calculate the current ratio. Current assets Investments Plant assets Current liabilities Long-term liabilities Retained earnings

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Based on the following information from Schrute Company's balance sheet, calculate the current ratio. Current assets Investments Plant assets Current liabilities Long-term liabilities Retained earnings $126,000 57,800 380,000 52,000 103,000 408,800 Multiple Choice OP2 _ Use CRO 4910

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