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Question
RBW Corp. has cash of $48,000; short-term notes payable of $35,000, accounts receivable of $100,000; accounts payable of $120,000; inventories of $200,000; and accruals of $90,000. What is RBW's current ratio?A) 1.57
B) 2.71
C) 1.42
D) 0.64
Answer
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