A company has current assets of $155,900 and total assets of $378,000. Current liabilities are $121,500, and total liabilities are

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A company has current assets of $155,900 and total assets of $378,000. Current liabilities are $121,500, and total liabilities are $265,350.
Required
Calculate the company's current ratio and briefly explain the result.

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Related Book For  answer-question

Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: July 16, 2015 05:01:52