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What is its current ratio after the transaction is recorded

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Reference no: EM133189087

Question - The Ronnie Lee Company reported the following:

Accounts payable $2,400

Inventory 900

Cash 1,300

Long-term debt 8,500

Equipment 12,600

If the company purchased $600 of equipment, what is its current ratio after the transaction is recorded?

Reference no: EM133189087

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