Compute Dave Company's current ratio using the following information:
Definitions:
Financial Assets
Assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and other investments.
Future Cash Flows
The projected income and expenditures that a company expects to generate over a forthcoming period.
Legal Documents
Official papers that indicate agreement to terms, rights, and responsibilities, enforceable by law.
Collateralized
Secured by an asset or property as a guarantee to repay a loan.
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