given information, which of the following shows the Current Ratio (CR) correctly?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following table shows some
selected financial information of
Taqah Company. According to the
given information, which of the
following shows the Current Ratio
(CR) correctly?
Cash
8000
Marketable securities
2000
Building
20000
Machinery
50000
Account Receivables
12000
Inventory
7000
Rent expense
4200
Current Liabilities
13000
Select one:
a. CR = 2.89
b. CR = 0.50
c. CR = 2.23
d. None of the options
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