When i = 50 %, what is ai/äooi ? A. 1/2 B. 2/3 C. 3/4 D. 4/5 E. 3/2

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....
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Please do show work. I know its pretty simple. But I want to know the result and first few steps.

When i = 50 %, what is ai/äooi ?
A. 1/2
B. 2/3
C. 3/4
D. 4/5
E. 3/2
Transcribed Image Text:When i = 50 %, what is ai/äooi ? A. 1/2 B. 2/3 C. 3/4 D. 4/5 E. 3/2
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