Use the following information to answer
Green Thumb Garden Supplies reported the following information for 2012 and 2013.
-What is the current ratio for 2013?
A)2.0:1
B)1.7:1
C)1.6:1
D)0.6:1

Question

Use the following information to answer 
Green Thumb Garden Supplies reported the following information for 2012 and 2013. 
-What is the current ratio for 2013?
A)2.0:1 
B)1.7:1 
C)1.6:1 
D)0.6:1

Quizplus · Accepted Answer

Current Ratio = Current Assets / Current Liabilities
For 2013: Current Ratio = 150,000 / 89,000 = 1.7:1. Therefore, the correct choice is B) 1.7:1.

Use the Following Information to Answer