Question: Based on the following data, calculate the current ratio and select the correct answer. Data: liabilities = $10,000; liquid assets = $3,000; monthly credit payments

Based on the following data, calculate the current ratio and select the correct answer. Data: liabilities = $10,000; liquid assets = $3,000; monthly credit payments = $300; monthly savings = $200; net worth = $50,000; current liabilities = $600; take-home pay = $1,100; and gross income = $1,900.

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