Question: QUESTION 1 Given the following information, calculate the current ratio: Total Equity $10,000 Total Liabilities 15,000 Total Sales 20,000 Current Assets 10,000 Long-Term Liabilities 5,000

QUESTION 1

  1. Given the following information, calculate the current ratio:

    Total Equity $10,000

    Total Liabilities 15,000

    Total Sales 20,000

    Current Assets 10,000

    Long-Term Liabilities 5,000

    Net Profit Margin 8%

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