Judith Corp. has current assets worth $50,000 and current liabilities worth $75,000. Current assets include inventory of $10,000. Calculate current ratio.
A) 1.500
B) 0.533
C) 0.625
D) 0.667
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Question
Judith Corp. has current assets worth $50,000 and current liabilities worth $75,000. Current assets include inventory of $10,000. Calculate current ratio.
A) 1.500 B) 0.533 C) 0.625 D) 0.667
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