Given the following data: Current assets = 500; Current liabilities = 250; Inventory = 200; Account receivables = 200; calculate the current ratio:
A) 2.0
B) 1.0
C) 1.5
D) None of the above

Name: Given the following data: Current assets = 500; Current liabilities = 250; Inventory = 200; Account receivables = 200; calculate the current ratio: A) 2.0 B) 1.0 C) 1.5 D) None of the above
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Question

Quizplus · Accepted Answer

Current ratio = Current assets / Current liabilities = 500 / 250 = 2.0

Given the Following Data: Current Assets = 500; Current Liabilities