The following balance sheet information is provided for Duke Company for Year 2: Assets Cash$7200? Accounts receivable 13,350? Inventory 15,600? Prepaid expenses 2400? Plant and equipment, net of depreciation 20,300? Land 14,200? Total assets$73,050? Liabilities and stockholders' Equity Accounts payable$3270? Salaries payable 7430? Bonds payable (due in ten years) 16,000? Common stock, no par 12,500? Retained earnings 33,850? Total liabilities and stockholders' equity$73,050? What is the company's current ratio? (Round your answer to 2 decimal places.)
A. 1.92
B. 3.60
C. 0.77
D. 1.35
Answer: B
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Networks are:
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What will be an ideal response?