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A Company Has Cash of $221,000; Short-Term Investments of $54,000;

Question 100

Multiple Choice

A company has cash of $221,000; short-term investments of $54,000; net receivables of $75,000; and inventory of $103,000. Current liabilities total $83,000. The current ratio is: (Round your answer two decimal places.)


A) 4.22:1.
B) 4.55:1.
C) 5.46:1.
D) 4.81:1.

Correct Answer:

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