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Calculate the current ratio

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Question - At the end of Year 1, Swanson Corporation has $650,000 in current assets and $500,000 in current liabilities. During Year 2, the company realizes a $100,000 increase in each amount, such that at the end of Year 2, the company has $750,000 in current assets and $600,000 in current lliabilities. Calculate the current ratio for Year 1 and for Year 2.

Reference no: EM132994274

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