Carl's Toy Factory had the following items listed on its balance sheet. Cash, 1,590; Accounts

Receivable, 5,746; Accounts Payable, 9,563; Inventory, 7,879; Equipment, 35,743; Land, 50,000;
Buildings, 135,487; Mortgage, 125,276.

Based on this information what was Carl's current ratio?
A) 2.14 B) 1.37 C) 1.59 D) 0.77


C

Business

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Jamison Corporation issued preferred stock totaling $10,000,000 during Year 4 . The statement of cash flows classifies the transaction as a(n)

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