The following financial data have been taken from muscat Company: Accounts payable 155,000 Bonds payable, due in 6 years 10,000 Account receivable 110,000 Marketable securities 250,000 Cash 80,000 Notes payable, short-term 89,000 Inventory 140,000 Prepaid expenses 15,000 Building 20,000 Common stock 120,000 What is the current ratio? Select one: O a. 2.67 O b. None of the answers are correct О с. 2.02 O d. 2.43 О е. 1.95

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Question 2
The following financial data have been taken from muscat Company:
Not yet
answered
Marked out of
2.00
Accounts payable
155,000
Bonds payable, due in 6 years
10,000
Account receivable
110,000
Marketable securities
250,000
P Flag question
Cash
80,000
Notes payable, short-term
89,000
Inventory
140,000
Prepaid expenses
15,000
Building
20,000
Common stock
120,000
What is the current ratio?
Select one:
O a. 2.67
O b. None of the answers are correct
O C. 2.02
O d. 2.43
O e. 1.95
Transcribed Image Text:Question 2 The following financial data have been taken from muscat Company: Not yet answered Marked out of 2.00 Accounts payable 155,000 Bonds payable, due in 6 years 10,000 Account receivable 110,000 Marketable securities 250,000 P Flag question Cash 80,000 Notes payable, short-term 89,000 Inventory 140,000 Prepaid expenses 15,000 Building 20,000 Common stock 120,000 What is the current ratio? Select one: O a. 2.67 O b. None of the answers are correct O C. 2.02 O d. 2.43 O e. 1.95
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