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A retailer has $300,000 in cash, $500,000 in accounts receivable, $1,000,000 in inventories, $400,000 in marketable securities, and $2,000,000 in total current liabilities. What is its current ratio?
A) 0.15
B) 0.40
C) 1.100
D) 1.375
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Retail Management: A Strategic Approach

Retail Management: A Strategic Approach


Edition: 13th
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