Harley Ravidson's current assets are $400 million and its current liabilities are $250 million. Its current ratio is.63 to 1.

Name: Harley Ravidson's current assets are $400 million and its current liabilities are $250 million. Its current ratio is.63 to 1.
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Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. Therefore, current ratio = $400 million/$250 million = 1.6 to 1. The given ratio of .63 to 1 is incorrect, making option B the correct answer.

Harley Ravidson's Current Assets Are $400 Million and Its Current