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You are given the following information for Cains Cookies: Cash $1,000 Accounts receivable $500 Building $10,000 Accounts payable $500 Unearned revenues $200 Salaries payable $100
You are given the following information for Cains Cookies: Cash $1,000 Accounts receivable $500 Building $10,000 Accounts payable $500 Unearned revenues $200 Salaries payable $100 Notes payable $5,000
What is Cains Cookies current ratio?
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