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Dana Industries has reported the following balance sheet accounts for year end 2009: Accounts Payable = $9,000, Other current liabilities = $7000, Long Term Debt
Dana Industries has reported the following balance sheet accounts for year end 2009: Accounts Payable = $9,000, Other current liabilities = $7000, Long Term Debt = $40,000 Cash = $5,000, Accounts Receivable = $8,900, Inventories = $4,100, Fixed Assets $34,000, Common Stock = $25000. What was the current ratio for Dana Industries for 2009?
| A. | .89 | |
| B. | 1.125 | |
| C. | 2 | |
| D. | 2.57 | |
| E. | 11.25 |
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