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Compute the company's current ratio for Year 2.

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Refer to the following selected financial information from Fennie's, LLC. Compute the company's current ratio for Year 2.;Year 2 Year 1;Cash $ 39,200 $ 33,950;Short-term investments 107,000 68,500;Accounts receivable, net 94,000 88,000;Merchandise inventory 129,500 133,500;Prepaid expenses 13,800 11,400;Plant assets 396,500 346,500;Accounts payable 104,900 116,300;Net sales 719,500 684,500;Cost of goods sold 398,500 383,500;3.66.;2.42.;2.64.;3.52.;2.29.

 

Paper#20906 | Written in 18-Jul-2015

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