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How much is Charlies current ratio

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

Accounts payable $50,000, Accounts receivable $45,000, Capital stock $100,000, cash $44,000, dividends $10,000. Interest expense $4,000, Interest payable $4,400, Inventory $32,000, Prepaid expenses $4,800, property, plant & equipment $123,000, retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and salary expense $60,000. The note payable balance is due in nine months. How much is Charlie's current ratio?

Reference no: EM132514070

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