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Based on the following information from Scranton Company's balance sheet, calculate the current ratio. Current assets $ 86,970 Investments 50,000 Plant assets 220,000 Current

Based on the following information from Scranton Company's balance sheet, calculate the current ratio. Current assets $ 86,970 Investments 50,000 Plant assets 220,000 Current liabilities 39,000 Long-term liabilities 89,970 Retained earnings 228,000

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