Based on the following information from Scranton Company's balance sheet, calculate the current ratio. Current assets$114,000?Investments 55,400?Plant assets 340,000?Current liabilities 48,000?Long-term liabilities 99,000?Retained earnings 362,400?
A. 2.38.
B. 1.15.
C. 0.42.
D. 3.47.
E. 3.53.
Answer: A
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