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Question
Jills business has current assets of $50,000 and current liabilities of $25,000. Which statement is true about the companys current ratio?
a. The ratio is 50% and is acceptable for most industries.
b. The ratio is 2 and is acceptable for most industries.
c. The ratio is $25,000 and is not acceptable for most industries.
d. Current ratio can not be determined from the information given.
Answer
This answer is hidden. It contains 1 characters.
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