The classified balance sheet for a company reported current assets of $811,925,total liabilities of $399,770,Common Stock of $500,000,and Retained Earnings of $65,130.The current ratio was 2.5. What is the total amount of current liabilities?
A) $324,770
B) $2,029,813
C) $385,960
D) $399,770
Correct Answer:
Verified
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