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8 of 91 complete HW Score: 51%, 51 of 1 Score: 0 of 3 pts T14-6 (book/static) Aged Media Sosion c e 22. Benson As Regar has t
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Answer #1
Current Assets:
Cash $4,000
Accounts Receivable $3,200
Prepaid Rent $1,900
Office supplies $3,000
Current Assets $12,100
Current Liabilities:
Accounts Payable $5,400
Current Liabilities $5,400
Current Ratio =Current Assets / Current liabilities
Current Ratio =$12,100 / $5,400 =2.24
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