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How much is charle current ratio

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Reference no: EM132631225

Question - A partial list shows that Charles Corporation's adjusted trial balance included the following items (all account balances are normal):

Accounts payable $48,500, Accounts receivable $54,000, Capital stock $100,000, Cash $56,000, Dividends $10,000, Interest expense $4,000, Interest payable $3,200, Inventory $32,000, Prepaid expenses $4,200, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000. How much is Charle's current ratio? (Round your answer to two decimal places.)

Reference no: EM132631225

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