Question: Our company's balance sheet for the current year includes the following items: Cash Short-Term Investments $50,000 $5,000 Net Accounts Receivable $85,000 Merchandise Inventory $120,000

Our company's balance sheet for the current year includes the following items:

Our company's balance sheet for the current year includes the following items: Cash Short-Term Investments $50,000 $5,000 Net Accounts Receivable $85,000 Merchandise Inventory $120,000 Total Assets $600,000 Total Current Liabilities $250,000 Total Liabilities $510,000 What is current ratio for the current year? O 0.96 times 01.04 times O 0.56 times O 1.02 times

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