Question: Brief Exercise 172 (Part Level Submission) Selected financial statement data for Freeman Company are presented below. 12/31/17 Cash $10,000 Short-term investments 20,000 Accounts receivable 60,000

Brief Exercise 172 (Part Level Submission) Selected financial statement data for Freeman Company are presented below.
12/31/17
Cash $10,000
Short-term investments 20,000
Accounts receivable 60,000
Inventories 75,000
Total current liabilities 100,000
(a) Compute thecurrentratio at December 31, 2017.(Round answer to 2 decimal places, e.g. 2.15:1)
Currentratio

:1

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