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Current Ratio

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Kinetics, Inc has total assets that equal $214,600 along with long term debt that equals $52,700, total equity equaling $119,500, fixed assets that equal $164,400 and finally sales that equal $241,900.

If Kinetics Inc has a profit margin that is 6%, what is the current ratio?

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Current Ratio = Current Assets/Current Liabilities

Current Assets = Total Assets - Fixed Assets

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