Question

Based on the following data, what is the Current Ratio? Accounts payable........................ $     78,000 Accounts receivable......................

Based on the following data, what is the Current Ratio?

Accounts payable........................

$     78,000

Accounts receivable...................

    158,000

Payroll tax payable.....................

     15,000

Cash...........................................

    49,000

Inventory.....................................

    148,000

Goodwill......................................

    160,000

Short Term Investments................

     108,000

Notes payable (short-term)..........

     65,000

Property, plant, and equipment.....

1,800,000

Prepaid Expenses.......................

      15,000
a.

1.99
b.

320,000
c.

2.68
d.

3.13
e.

3.03
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