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43.The current assets of Caitlin Company are $360,000. The current liabilities are $240,000. The current ratio is a.1.25. b.0.67. c.1.50. d.Cannot be determined from the information provided.
Expert Answer
| Current ratio = Current assets/Current liabilities = 360000/240000= | 1.5 | |||||
| Option C is correct | ||||||
