The balance sheet of Hemp Ltd at 30 June 2012 showed: noncurrent assets $500 000; noncurrent liabilities $320 000; total liabilities $400 000; and shareholders' equity $300 000.What was the working capital ratio of Hemp Ltd at 30 June 2012?
A) 2.5:1
B) 1.75:1
C) $120 000
D) 1.56:1.
Correct Answer:
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