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Company A has a current ratio of 1.5 and Company B has a current ratio of 3: A) Company B has twice as many assets

Company A has a current ratio of 1.5 and Company B has a current ratio of 3:

A)

Company B has twice as many assets as A.

B)

Company A has twice as many assets as B.

C)

Company A has a greater ability to pay bills than B.

D)

Company B has a greater ability to pay bills than A.

ANSWER____________

19. Company As net sales are $150,000 and Cost of Goods Sold are $100,000. The Gross Profit Margin is:

  1. $50,000
  1. 33%
  1. 67%
  1. 50%

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