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Given the following account values, calculate the firm's current ratio : Cash $15,000; Short-term investments $2,000; Accounts receivable $34,000; Supplies $5,000; Long-term notes receivable $10,000;
Given the following account values, calculate the firm's current ratio:
Cash $15,000;
Short-term investments $2,000;
Accounts receivable $34,000;
Supplies $5,000;
Long-term notes receivable $10,000;
Equipment $70,000;
Factory Building $150,000;
Intangible assets $6,000;
Accounts payable $20,000;
Accrued liabilities payable $2,000;
Short-term notes payable $10,000;
Long-term notes payable $150,000.
show calculation.
should be shown with two decimal places (ex: x.xx).
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