The financial statements of Trenton Office Supply include the following items: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Building (net) Total Current Liabilities Long-term Note Payable 2025 $52,500 27,000 92,000 135,000 529,000 255,000 64,000 2024 $47,000 13,000 97,000 127,000 549,000 236,000 57,000 What is the 2025 current ratio? (Round your answer to two decimal places.) 1.66 1.20 0.83 0.58
The financial statements of Trenton Office Supply include the following items: Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Building (net) Total Current Liabilities Long-term Note Payable 2025 $52,500 27,000 92,000 135,000 529,000 255,000 64,000 2024 $47,000 13,000 97,000 127,000 549,000 236,000 57,000 What is the 2025 current ratio? (Round your answer to two decimal places.) 1.66 1.20 0.83 0.58
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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48. Help me selecting the right answer. Thank you

Transcribed Image Text:The financial statements of Trenton Office Supply include the following items:
Cash
Short-term Investments
Net Accounts Receivable
Merchandise Inventory
Building (net)
Total Current Liabilities
Long-term Note Payable
2025
$52,500
27,000
92,000
135,000
529,000
255,000
64,000
2024
$47,000
13,000
97,000
127,000
549,000
236,000
57,000
What is the 2025 current ratio? (Round your answer to two decimal places.)
1.66
1.20
0.83
0.58
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