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The following is a simplified financial position statement for a company: Assets $ Liabilities $ Cash 250 000 Accounts payable 1 480 000 Trading securities
The following is a simplified financial position statement for a company: Assets $ Liabilities $ Cash 250 000 Accounts payable 1 480 000 Trading securities 420 000 Accrued expenses 350 0001 payable Accounts receivable 1 360 000 Taxes payable 140 000 Inventory 2 470 000 Long-term debt 3 850 000 Property 3 350 000 Shareholders' funds 2 340 000 Equipment 450 000 Calculate the liquidity ratio. Select one: O a. 0.85 O b. 0.96 . 1.51 O d. 1.32
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