Washington Corporation Has the Following Financial Data for 2013 and 2012

question 6

Multiple Choice

Washington Corporation has the following financial data for 2013 and 2012. $\begin{array}{|l|c|l|}\hline2012&2013\\\hline&&\text { ASSSETS }\\\hline & & \text { Curent Assets: } \\\hline 9,000 & \$ 37,000 & \text { Cash } \\\hline 11,000 & 8,000 & \text { Marketable Securities } \\\hline 25,000 & 32,000 & \text { Accounts Receivable } \\\hline 10,000 & 13,000 & \text { Other Current Assets } \\\hline 55,000 & 90,000 & \text { Total Current Assets } \\\hline 120,000 & 135,000 & \text { Fixed Assets(net) } \\\hline \$ 175,000 & \$ 225,000 & \text { Total Assets } \\\hline & & \text { Liabilities } \\\hline \$ 40,000 & \$ 71,000 & \text { Curent Liabilities } \\\hline 35,000 & 34,000 & \text { Long-term Liabilities } \\\hline \$ 75,000 & \$ 105,000 & \text { Total Libilities } \\\hline \$ 100,000 & \$ 120,000 & \text { Total Stocklohlers'Equity } \\\hline \$ 175,000 & \$ 225,000 & \text { Total Linbilities And StockJolders' Equity } \\\hline\end{array}$
What is Washington's current ratio for 2013?

• A) 1.08
• B) 0.79
• C) 1.27
• D) 1.50

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