The December 31, Year 1, balance sheet of Rowan Company shows current assets of $28,000...
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Accounting
The December 31, Year 1, balance sheet of Rowan Company shows current assets of $28,000 and current liabilities of $14,000 On January 1, Year 2, the company had the following two transactions 1) Issued common stock for $2,800 cash 2) Received a $3,200 cash payment for its accounts receivable After the two transactions are recorded, what is the company's current ratio
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