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The financial statements of Trenton Office Supply include the following items: 2025 2024 Cash $52,500 $47,000 Short-term Investments 27,000 13,000 Net Accounts Receivable 92,000 97,000
The financial statements of Trenton Office Supply include the following items:
| 2025 | 2024 | |
| Cash | $52,500 | $47,000 |
| Short-term Investments | 27,000 | 13,000 |
| Net Accounts Receivable | 92,000 | 97,000 |
| Merchandise Inventory | 135,000 | 127,000 |
| Building (net) | 529,000 | 549,000 |
| Total Current Liabilities | 255,000 | 236,000 |
| Long-term Note Payable | 64,000 | 57,000 |
What is the 2025 current ratio? (Round your answer to two decimal places.)
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
