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Jordan Artificial Foods has total assets of $56,000, long-term debt of $5,000, total equity of $14,000, net fixed assets of $36,000, and costs of goods
Jordan Artificial Foods has total assets of $56,000, long-term debt of $5,000, total equity of $14,000, net fixed assets of $36,000, and costs of goods sold of $121,500. The profit margin is 2.7 percent. What is the current ratio?
A.
0.95
B.
1.40
C.
0.54
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