For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $47,000,...
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Accounting
For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $47,000, accounts receivable $109,000, inventories $89,000, prepaid expenses $18,000, accounts payable $98,000, and accrued expenses $65,000. Use this information to determine the Current Ratio. (Round & enter your answers to one decimal place.)
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