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Determine the Current Ratio

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Question - For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $27,000, accounts receivable $142,000, inventories $95,000, prepaid expenses $24,000, accounts payable $74,000, and accrued expenses $50,000. Use this information to determine the Current Ratio.

Reference no: EM132483650

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