Reference no: EM132632252
Question - A partial list shows that Charles Corporation's adjusted trial balance included the following items (all account balances are normal):
Accounts payable $39,500, Accounts receivable $58,500, Capital stock $100,000, Cash $49,000, Dividends $10,000, Interest expense $4,000, Interest payable $4,400, Inventory $32,000, Prepaid expenses $4,600, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000. Determine how much is Charle's current ratio?
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