Explain what is the current ratio

Reference no: EM13297410

Morgan's Industrial Park has total assets of $541,700, long-term debt of $201,400, total equity of $306,800, fixed assets of $469,200, and sales of $600,500. The net profit margin is 7 percent. What is the current ratio? (Please calculate the arithmetic solution and show your work)

Reference no: EM13297410

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