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Motor Works has total assets of $919,200,long-term debt of $264,500,total equity of $466,900,net fixed assets of $682,800,and sales of $1,021,500.The profit margin is 6.2 percent.What is the current ratio?
United States Treasury Securities
Debt securities issued by the U.S. government to fund its budget deficits and manage the national debt.
Open Market
A venue where buyers and sellers engage in the trade of commodities, securities, and other financial instruments under defined regulations.
Reserve Ratio
The fraction of deposits that banks are required to keep on hand as reserves, determined by central banking authorities.
Deposit Expansion Multiplier
The ratio that describes the potential increase in money supply through the banking system via fractional reserve banking.
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