Current ratio is the ratio of current assets to current liabilities. The current assets are the assets which are convertible into cash within the period of 1 year and current liabilities are the liabilities which are paid off within in a year. To calculate: The current liabilities reported by the company.

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Chapter 13, Problem 9ME

To determine

Introduction:

Current ratio is the ratio of current assets to current liabilities. The current assets are the assets which are convertible into cash within the period of 1 year and current liabilities are the liabilities which are paid off within in a year.

To calculate:

The current liabilities reported by the company.

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