Determine Polly's Current Ratio (rounded to 2 decimals) from its Post-Closing Trial Balance: Polly Ltd Post-Closing Trial Balance March 31, 2023 Cash 50000 A/R 10000 Prepaids 5000 Supplies 5000 Land 50000 Machinery 20000 Accumulated Dep: Machinery 2000 A/P 50000 Salaries Payable 30000 Interest Payable 10000 Rent Payable 5000 Retained Earnings 43000 140,000 140,000

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Total current asset will be the sum of Cash Accounts R... View the full answer