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The following balance sheet Information is provided for Duke Company for Year 2 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of
The following balance sheet Information is provided for Duke Company for Year 2 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation $ 4,800 10,950 14,400 1,200 19, 100 13,000 $63,450 Tand Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total 1labilities and stockholders' equity $ 2,550 8,630 10,000 18,500 23,770 $63,450 What is the company's current ratio? (Round your answer to 2 decimal places.) Multiple Choice Retained earnings Total liabilities and stockholders' equity 23,770 $63,450 What is the company's current ratio? (Round your answer to 2 decimal places.) Multiple Choice o o o o !!! Prey
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