If a business has current assets of $62,000, total assets of $350,000, current liabilities of $31,000, and total liabilities of $125,000, then its current ratio will be
A) 0.5.
B) 2.0.
C) 2.8.
D) 3.0.
Correct Answer:
Verified
Q58: A fast food restaurant sells gift cards
Q59: When a company estimates the amount of
Q60: What is the impact on the accounting
Q61: A company has $8,000 in cash, $9,250
Q62: A company has property, plant, and equipment
Q64: Assume a company has a current ratio
Q65: A company has long-term assets of $2,000,
Q66: Assume that a company has a cash
Q67: Which of the following statements about current
Q68: A landlord records the collection of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents