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Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash Accounts Receivable $7,000 1,400 Prepaid Rent 1,000 Land
Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash Accounts Receivable $7,000 1,400 Prepaid Rent 1,000 Land 40,000 Equipment 4,000 Accumulated Depreciation 1,200 Accounts Payable 4,000 Salaries Payable 800 Notes Payable-long term 8,000 OA. 3.11 OB. 1.96 C. 1.75 OD. 2.35
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
