The following contains information from the records of the Balfor Architecture Firm. Balfor Architecture Firm
Selected Financial Information
December 31, 2017 Which of the following statements is an accurate interpretation of the current ratio of Balfor Architecture Firm? (Round your answer to two decimals.)
A) The company has $2.19 of current assets for every $1.00 of liabilities.
B) The company has $1.90 of current assets for every $1.00 of current liabilities.
C) The company has $1.51 of current assets for every $1.00 of liabilities.
D) The company has $0.61 of current assets for every $1.00 of current liabilities.

Question

The following contains information from the records of the Balfor Architecture Firm. Balfor Architecture Firm
Selected Financial Information
December 31, 2017  Which of the following statements is an accurate interpretation of the current ratio of Balfor Architecture Firm? (Round your answer to two decimals.)
A) The company has $2.19 of current assets for every $1.00 of liabilities. 
B) The company has $1.90 of current assets for every $1.00 of current liabilities. 
C) The company has $1.51 of current assets for every $1.00 of liabilities. 
D) The company has $0.61 of current assets for every $1.00 of current liabilities.

Quizplus · Accepted Answer

The Answer of The following contains information from the records of the Balfor Architecture Firm. Balfor Architecture Firm
Selected Financial Information
December 31, 2017  Which of the following statements is an accurate interpretation of the current ratio of Balfor Architecture Firm? (Round your answer to two decimals.)
A) The company has $2.19 of current assets for every $1.00 of liabilities. 
B) The company has $1.90 of current assets for every $1.00 of current liabilities. 
C) The company has $1.51 of current assets for every $1.00 of liabilities. 
D) The company has $0.61 of current assets for every $1.00 of current liabilities.

The Following Contains Information from the Records of the Balfor