Calculate the Current Ratio from the Following Information: Sales =

question 83

Multiple Choice

Calculate the current ratio from the following information: Sales = $14,000
Bills receivable = $100,000
Cash in hand = $40,000
Current liabilities = $50,000
Inventories = $40,000
Net Income = $5,600

• A) 8:5
• B) 3.6:1
• C) 0.4:1
• D) 3:5
• E) 2:3

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