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Using the information below, determine the current ratio for WTX Hospital: Cash & equivalents: $375,000 Accounts receivable: $285,000 Net fixed...

Using the information below, determine the current ratio for WTX Hospital:

Cash & equivalents: $375,000

Accounts receivable: $285,000

Net fixed assets: $1,220,000

Accounts payable: $195,000

Notes payable: $75,000

Capital lease obligations: $25,000

Net assets (equity): $1,450,000

  •  A. 1.1
  •  B. 2.4
  •  C. 3.3
  •  D. 2.2
  •  E. 1.9

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