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What is the number of current ratio as of December

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Question - The following financial information is for Molly Corporation are the fiscal years ending 2018 & 2017 (all balances are normal):

Item/ Account

2018

2017

Cash

33,000

24,000

Account Receivable

60,000

52,000

Inventory

41,000

48,000

Current Liabilities

77,000

42,000

Net Sales (all credit)

550,000

485,000

Cost of goods sold

288,000

265,000

Required - With this information what is the number of current ratio as of December 31, 2018?

Reference no: EM132633040

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