Gattuso Corporation's total current assets are $270,000, its noncurrent assets are $760,000, its total current liabilities are $130,000, its long-term liabilities are $400,000, and its stockholders' equity is $500,000.
Required:
Compute the company's current ratio. Show your work!

Question

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The Answer of Gattuso Corporation's total current assets are $270,000, its noncurrent assets are $760,000, its total current liabilities are $130,000, its long-term liabilities are $400,000, and its stockholders' equity is $500,000.
Required:
Compute the company's current ratio. Show your work!

Gattuso Corporation's Total Current Assets Are $270,000, Its Noncurrent Assets