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Green Hornet Inc. has inventory of $6,400; total current liabilities of $18,750; net fixed assets of $5,000; accounts receivable of $4,000; cash of $10,000; and

Green Hornet Inc. has inventory of $6,400; total current liabilities of $18,750; net fixed assets of $5,000; accounts receivable of $4,000; cash of $10,000; and long-term debt of $3,000. Calculate the firms current ratio.

Points: 1

  1. 1.09

  2. 1.17

  3. 1.35

  4. 1.50

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