What is Transic's current ratio for 2016?
A)2.14
B)0.88
C)0.21
D)1.49

Name: What is Transic's current ratio for 2016? A)2.14 B)0.88 C)0.21 D)1.49
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Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. Transic's current assets are $3,735,000 and current liabilities are $2,505,000, so the current ratio is 1.49 (calculation: $3,735,000 / $2,505,000 = 1.49). Therefore, the answer is D.

What Is Transic's Current Ratio for 2016