Long-Term Assets Are $800, Current Liabilities Are $500, and Long-Term

question 19

Multiple Choice

Long-term assets are $800, current liabilities are $500, and long-term liabilities are $600. If the current ratio is 2.5 to 1, then current assets are

• A) $ 625
• B) $1,250
• C) $2,000
• D) $ 200

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