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Question(s) / Instruction(s):

A company has Cash of $10,000, Accounts receivables of $50,000, Inventory of $60,000 and Buiuldings of $100,000. Accounts payable of $30,000, Interest payable of $5,000, Short term notes payable of $25,000, and Common Stock of $40,000. THe company's current ratio is: a) 3.67 times b) 2.20 times c) 2 times d) 1.20 times e) None of the above

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