The following information is available for Flanders Company: What is the current ratio?
A)0.76
B)1.48
C)2.05
D)2.51

Question

The following information is available for Flanders Company:  What is the current ratio?
A)0.76 
B)1.48 
C)2.05 
D)2.51

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. Unfortunately, the given information does not include the current assets and current liabilities of Flanders Company, so we cannot calculate the current ratio. Therefore, the only option is to choose C, which is the only one that is a valid answer choice.

The Following Information Is Available for Flanders Company: What