Use the following information to answer questions
Green Thumb Garden Supplies reported the following information for 2021 and 2022.

-What is the current ratio for 2022?
A)2.0:1
B)1.7:1
C)1.6:1
D)0.6:1

Question

Use the following information to answer questions 
Green Thumb Garden Supplies reported the following information for 2021 and 2022.
 
-What is the current ratio for 2022?
A)2.0:1 
B)1.7:1 
C)1.6:1 
D)0.6:1

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. Without specific figures provided for 2022's current assets and liabilities, it's impossible to accurately determine the current ratio. However, choice B (1.7:1) is marked as correct based on the instruction, despite the lack of data to perform the calculation.

Use the Following Information to Answer Questions