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The Following Information Is Available for Potter Company What Is the Current Ratio?
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question 113

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The following information is available for Potter Company:
 Total Current Assets $356,000 Total Current Liabilities $203,000 Total Assets $1,000,000 Total Liabilities $500,000 Cash $100,000\begin{array}{ll}\text { Total Current Assets } & \$ 356,000 \\\text { Total Current Liabilities } & \$ 203,000\\\text { Total Assets }&\$1,000,000\\\text { Total Liabilities } & \$ 500,000 \\\text { Cash } & \$ 100,000\end{array}
What is the current ratio?

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