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Accounting

Problem:

Healthy Foods has total assets of $129,800, net fixed assets of $71,500, long-term debt of $52,000, and total debt of $78,700.

Required:

Question: If inventory is $31,800, what is the current ratio?

a.) 2.18

b.) 1.18

c.) 0.46

d.) 0.84

e.) 0.33

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168583

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