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ProPhase Labs Inc has $2.7 million of current assets and $1.62 million of current liabilities. Therefore, their current ratio is 1.79. What would the
ProPhase Labs Inc has $2.7 million of current assets and $1.62 million of current liabilities. Therefore, their current ratio is 1.79. What would the current ratio be if they decide to use $340,000 of cash to reduce current accounts payable? 2.05 1.97 O 1.93 1.84 1.86
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
