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Determine the current ratio

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Question - The following data were abstracted from the 2014 December 31, balance sheet of Andrews Company:

Cash $136,000

Short-term investments 64,000

Accounts receivable 184,000

Inventory 244,000

Prepaid expenses 12,000

Accounts Payable (all due within one year) 256,000

Other short-term liabilities 64,000

Bonds payable, long-term 400,000

Required - Determine the current ratio?

Reference no: EM133028823

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