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Rachel currently has the following assets: (1) $100,000 in a bank account; (2) $50,000 in stocks; (3) $25,000 in bonds. She also has credit card
Rachel currently has the following assets: (1) $100,000 in a bank account; (2) $50,000 in stocks; (3) $25,000 in bonds. She also has credit card debts of $10,000 and a home mortgage with payoff amount of $250,000. Use this information to calculate Rachels current ratio.
a.
0.10
b.
1.00
c.
10.00
d.
100.00
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