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Just before the current quarter ends, a company's trial balance sheets current assets of $50,000 and current liabilities of $30,000. Before closing the books. management
Just before the current quarter ends, a company's trial balance sheets current assets of $50,000 and current liabilities of $30,000. Before closing
the books. management decides to use $10,000 cash to repay $10,000 of accounts payable that are due the next month. What is the company's current ratio BEFORE that transaction?
A. 1.67
O B. 1.25
O C. 1.23
O D. 1.5
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