Assume the following data: Current assets = 500; Current liabilities = 250; Inventory = 200; Account receivables = 200.Calculate the current ratio.
A)2.0
B)1.5
C)1.0
D)2.5

Name: Assume the following data: Current assets = 500; Current liabilities = 250; Inventory = 200; Account receivables = 200.Calculate the current ratio. A)2.0 B)1.5 C)1.0 D)2.5
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Question

Quizplus · Accepted Answer

The current ratio is calculated as Current Assets divided by Current Liabilities. Here, it is 500 / 250 = 2.0.

Assume the Following Data: Current Assets = 500; Current Liabilities