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Mike's company list the following items on its year end balance sheet; Current Assets: $200,000 Long Term Assets $300,000 Current Liabilities: $100,000 Long Term Liabilities:

Mike's company list the following items on its year end balance sheet;

Current Assets: $200,000

Long Term Assets $300,000

Current Liabilities: $100,000

Long Term Liabilities: $150,000

Equity: $250,000

What is the current ratio?

Select one:

a. 3.00

b. 2.50

c. 5.00

d. 2.00

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