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Asked by Hoperah71
company presents the following balance sheet. (dollars in ...
company presents the following balance sheet.
(dollars in thousands)
Assets:
Liabilities:
Cash
$60
Accounts payable
$240
Accounts receivable (net)
170
Other liabilities
80
Investments
50
Total current liabilities
320
Inventory
200
Long-term liabilities
110
Prepaid rent
25
Total liabilities
430
Total current assets
505
Stockholders' equity:
Property & Equipment, (net)
255
Common stock
150
Retained earnings
180
Total stockholders' equity
330
Total assets
$760
Total liabilities and equity
$760
The current ratio is (rounded to two decimal places)?
Solved by verified expert
Answered by Zain.Rajani
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