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The following information has been extracted from the financial statements of ChopChop Pty. Ltd., a knife wholesaler.
Accounts 2019 in thousands
Cash at bank $164Interest Expense $60Accounts Receivable $454Inventory $673Bank Loan (5 years) $580Accounts Payable $333Property, Plant and Equipment $1,300Sales $675COGS $255Wages Expense $67 Required:
Problem 1: Calculate current ratio for the year 2019. Leave two (2) decimal places.
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