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What is the current ratio

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Question - Presented below is information available for Marley Company.

Current Assets

Cash $ 8,000

Short-term investments 65,000

Accounts receivable 95,000

Inventory 110,000

Prepaid expenses 30,000

Total current assets $308,000

Total current liabilities are $235,000. The acid-test ratio for Marley is:

What is the Current Ratio? What would you tell Marley?

Reference no: EM132885907

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