Calculate current ratio, Using the data on working capital

Calculate current ratio

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Reference no: EM132029203

Using the data on working capital items from a firm’s balance sheet in the following table,

Current Assets GBP (millions) Current Liabilities GBP (millions)

Cash 125 Short- term debt 540

Accounts receivable 1,100 Current portion of long- term debt 150

Inventory 210 Accounts payable 494

Calculate current ratio. Format x.xx

Reference no: EM132029203

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