What is the current ratio, Accounting Basics

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What is the current ratio

Question: The following data were taken from the Balance Sheet of Precision Gears Company: Cash $280,000 Marketable Securities 131,000 Accounts and Notes Receivable (net) 395,000 Inventories 570,000 Prepaid Expenses 19,000 Accounts and Notes Payable (short-term) 250,000 Accrued Liabilities 60,000 What is the Current Ratio? A. 4.5 B. 2.6 C. 1.7 D. 3.9

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Accounting Basics: What is the current ratio

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