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Ellison Electronics has Cash of $200, Accounts Receivable of $800, Supplies of $400, Supplies Expense of $200, and Service Revenue of $900. Ellison owes $300

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Ellison Electronics has Cash of $200, Accounts Receivable of $800, Supplies of $400, Supplies Expense of $200, and Service Revenue of $900. Ellison owes $300 on Accounts Payable, $500 on Salary Payable, and $700 on Long-term Note Payable. What is Ellison's current ratio (rounded to two decimal places)? A. 3.13 B. 1.75 C. 1.60 D. 0.93

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