Solved

Table 4-5
Selected Accounting Data for Dustman Consulting Follows -Referring to Table 4-5, the Current Ratio Is:
A)0

Question 105

Multiple Choice

Table 4-5
Selected accounting data for Dustman Consulting follows:  Current assets $74,000 Current liabilities 44,000 Property, plant and  equipment 95,000 Long-term liabilities 60,000 Total revenues 50,000 Total expenses 30,000\begin{array} { | l | r | } \hline \text { Current assets } & \$ 74,000 \\\hline \text { Current liabilities } & 44,000 \\\hline \text { Property, plant and } & \\\text { equipment } & 95,000 \\\hline \text { Long-term liabilities } & 60,000 \\\hline \text { Total revenues } & 50,000 \\\hline \text { Total expenses } & 30,000 \\\hline\end{array}
-Referring to Table 4-5, the current ratio is:


A) 0.59.
B) 1.68.
C) 0.71.
D) 1.41.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents