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A Company Has Property, Plant, and Equipment of $500,000, Current

Question 62

Multiple Choice

A company has property, plant, and equipment of $500,000, current liabilities of $70,000, and long-term liabilities are $300,000. If the company's current ratio is 3.0, what are current assets?


A) $900,000
B) $690,000
C) $430,000
D) $210,000

Correct Answer:

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