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Cotuit Company has a current ratio of 3.2 and an acid-test ratio of 2.4. The company's current assets consist of cash, marketable securities, accounts receivable

Cotuit Company has a current ratio of 3.2 and an acid-test ratio of 2.4. The company's current assets consist of cash, marketable securities, accounts receivable and inventory. The company's inventory is $40,000. What is the company's current liabilities?

a. $40,000

b. $120,000

c. $50,000

d. $32,000

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