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Help Refer to the following selected financial information from McCormik, LLC. Compute the companys current ratio for Year 2

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Answer #1

Current assets = $38,300 + $98,000 + $89,500 + $125,000 + $12,900 = $363,700

Current liabilities = $109,400

Current ratio = Current assets / Current liabilities

Current ratio = $363,700 / $109,400

Current ratio = 3.32

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