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Cash $3,000 Accounts Payable $4,000
Accounts Rec. $5,000 Mortgage Payable $50,000
Inventory $4,000
Trucks $96,000
Question 1: Calculate the current ratio given the above information
Select one:
Option a. 2:1
Option b. 3:1
Option c. 5:1
Option d. 4:1
Option e. 1:1
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