Based on the following data, what is the current ratio, rounded to one decimal place? Accounts...

 

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Based on the following data, what is the current ratio, rounded to one decimal place? Accounts payable Accounts receivable $30,000 63,000 Accrued liabilities Cash Fixed assets 5,000 31,500 670,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Prepaid expenses 1,000 Temporary investments 38,500 Based on the following data, what is the current ratio, rounded to one decimal place? Accounts payable Accounts receivable $30,000 63,000 Accrued liabilities Cash Fixed assets 5,000 31,500 670,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Prepaid expenses 1,000 Temporary investments 38,500

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