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The Following Contains Information from the Records of the Wellborn

Question 158

Multiple Choice

The following contains information from the records of the Wellborn Engineers and Architects.  Wellborn Engineers and Architects  Selected Financial Information  December 31,2017 Current Assets $90,000 Current Liabilities 30,000 Long-Term Assets 95,000 Long-Term Liabilities 65,000 Total Revenues 50,000 Total Expenses 37,000\begin{array}{c}\text { Wellborn Engineers and Architects }\\\text { Selected Financial Information }\\\text { December 31,2017}\\\begin{array}{|l|r|}\hline \text { Current Assets } & \$ 90,000 \\\hline \text { Current Liabilities } & 30,000 \\\hline \text { Long-Term Assets } & 95,000 \\\hline \text { Long-Term Liabilities } & 65,000 \\\hline \text { Total Revenues } & 50,000 \\\hline \text { Total Expenses } & 37,000\\\hline\end{array}\end{array} Calculate the current ratio.(Round your answer to two decimals. )


A) 1.46
B) 2.28
C) 0.64
D) 3.00

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