Question: 23 Problem 3-6 Determining Financial Progress [LO3-2] Carl Lester has liquid assets of $2,860 and current liabilities of $1,570. 0.66 (a) What is his current

23 Problem 3-6 Determining Financial Progress [LO3-2] Carl Lester has liquid assets of $2,860 and current liabilities of $1,570. 0.66 (a) What is his current ratio? (Round your answer to 1 decimal place.) points Current ratio 1.8 eBook Print References (b) Which comment best describes his financial position? O Equal to the desirable ratio 2.0 O Higher than the desirable ratio 2.0 Lower than the desirable ratio 2.0

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