The Seabury Corporation has a current ratio of 3.6 and an acid-test ratio of 3.2. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventories. Inventory equals $32,000. Seabury Corporation's current liabilities must be: (Round your intermediate calculations to 1 decimal place.)
A. $256,000
B. $32,000
C. $80,000
D. $12,800
Answer: C
Business
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