Transic Corporation Has the Following Financial Data for 2016 and 2017
Question 55
Question 55
Multiple Choice
Transic Corporation has the following financial data for 2016 and 2017. ? ASSETS Current Assets: Cash Marketable Securities Accounts Receivable Other Current Assets Total Current Assets Fixed Assets (net) Total Assets LIABILITIES Current Liabilities Long-term Liabilities Total Liabilities Total Stockholders’ Equity Total Liabilities And Stockholders’ Equity 2017$48,0009,00035,00015,000107,000140,000$247,000$72,00050,000$122,000$125,000$247,0002016$14,00013,00024,00018,00069,000130,000$199,000$52,00037,000$89,000$110,000$199,000 ? What is Transic's current ratio for 2017?
A) 1.49 B) 2.14 C) 0.21 D) 0.88
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