Oogles Ltd. has listed the following amounts in its balance sheet: Cash 35,000; Buildings 75,000; Inventories 60,000; Tax payable 15,000; Accounts receivable 55,000; Equipment 55,000; Accounts payable 25,000; Dividend payable 10,000. What is the current ratio?
A) 0.3333
B) 1.5
C) 2.6
D) 3

Question

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The Answer of Oogles Ltd. has listed the following amounts in its balance sheet: Cash 35,000; Buildings 75,000; Inventories 60,000; Tax payable 15,000; Accounts receivable 55,000; Equipment 55,000; Accounts payable 25,000; Dividend payable 10,000. What is the current ratio?
A) 0.3333
B) 1.5
C) 2.6
D) 3