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

Business

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