Lionworks Company has cash of $145,000; net Accounts Receivable of $92,000; short-term investments of $35,000 and prepaid expenses of $44,000. It also has $40,000 in current liabilities and $73,000 in long-term liabilities. The current ratio for Lionworks Company is:
A) 3.63.
B) 7.90.
C) 6.80.
D) 2.80.
Correct Answer:
Verified
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