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Bowl Company has the following selected financial statement items for 2021, presented in no particular order: Accounts payable $10.500 Accounts receive 8.000 Cash 24.000 Common
Bowl Company has the following selected financial statement items for 2021, presented in no particular order: Accounts payable $10.500 Accounts receive 8.000 Cash 24.000 Common stock 25.000 Equipment 44.000 Interest expense 2.500 Patents 3.000 Sales revenue 50.500 Supplies 4.500 neamed service revenue 8,000 Think about the current ratio formula covered in Chapter 2. Based on the information above, what is the current ratio? a) None of the choices are correct. b) 1.58 c) 1.36 d) 1.97 e) 2.21
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