What is the current ratio for the following data? Cash - $34,000; marketable securities - $16,000; accounts
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Question:
What is the current ratio for the following data? Cash - $34,000; marketable securities - $16,000; accounts and notes receivable, net - $46,000; merchandise inventory - $61,000; prepaid expenses - $3,000; accounts and notes payable, short term - $64,000; accrued liabilities - $16,000.
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