Question: Is the answer correct? The balances in the current asset and liability accounts for Virden Ltd. (Virden) are provided below. The balances for inventory are

Is the answer correct? The balances in the current asset and liability Is the answer correct?

The balances in the current asset and liability accounts for Virden Ltd. (Virden) are provided below. The balances for inventory are provided using the FIFO and average cost formulas. Calculate Virden's current ratio on December 31, 2018, using the two cost formulas. (Round your answers to 3 decimal places.)

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