Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The current ratio is:
A) 1.4:1.
B) 0.7:1.
C) 0.3:1.
D) 1:1.
E) 0.4:1.
A) 1.4:1.
Explanation: $193,000/$137,000 = 1.4
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