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Enrique's Used Car Sales has current assets of $923,740 and current liabilities of $385,120. Find the current ratio.2.12.42.73.0None of these choices are correct.

Respuesta :

[tex]\text{Current ratio = }\frac{Current\text{ assets}}{Current\text{ liabilities}}[/tex]

The above is the formula of current ratio,

Current assets =$923740 and Current liabilities

[tex]\begin{gathered} \text{Current assets = 923740 dollars} \\ \text{Current liabilities = 385120 dollars} \end{gathered}[/tex]

Substituting into the formula,

[tex]\text{Current ratio =}\frac{923740}{385120}=2.399\approx2.4[/tex]

Hence, none of the choices are correct, Option E is the correct option.

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