Matie's Playground Equipment has current assets of $125,400 and current liabilities of $74,950. Find the current ratio. (Round to the nearest hundredth.) 0.60:1 0.74:1 1.04:1 1.67:1

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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Matie's Playground Equipment has current assets of $125,400 and current liabilities of $74,950. Find the current ratio. (Round to the nearest hundredth.)
0.60:1
0.74:1
1.04:1
1.67:1
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Transcribed Image Text:Matie's Playground Equipment has current assets of $125,400 and current liabilities of $74,950. Find the current ratio. (Round to the nearest hundredth.) 0.60:1 0.74:1 1.04:1 1.67:1 Need Help? Read is
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