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Calculate the current ratio

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Reference no: EM132604577

Question - The following data is from the December 31, balance sheet of Andrews Company:

Cash $136,000

Marketable securities 64,000

Accounts and notes receivable, net 184,000

Merchandise inventory 244,000

Prepaid expenses 12,000

Accounts Notes payable, short term 256,000

Accrued liabilities 64,000

Bonds payable, long-term 400,000

Calculate the current ratio?

a. 1.2:1.

b. 3:1.

c. 1.2.

d. 2.1.

Reference no: EM132604577

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