What is the current ratio for a company with current assets of $68,000, quick assets of $32,000, total assets of $140,000, current liabilities of $47,000, and net sales of $75,000? (Round your final answer to two decimal places.)
A) 0.23
B) 1.45
C) 2.98.
D) 1.02
B) 1.45
Explanation: current assets/current liabilities; ex: $68,000 / $47,000 = 1.45
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