Mickey Corporation has total current assets equal to $80,000 and working capital of $20,000. Minnie Company has the same amount of working capital, but it has total current assets of $300,000. The company with the better current ratio:
A)is Minnie Company.
B)is Mickey Corporation.
C)is the same for both companies.
D)cannot be determined from the information given.

Question

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The Answer of Mickey Corporation has total current assets equal to $80,000 and working capital of $20,000. Minnie Company has the same amount of working capital, but it has total current assets of $300,000. The company with the better current ratio:
A)is Minnie Company.
B)is Mickey Corporation.
C)is the same for both companies.
D)cannot be determined from the information given.

Mickey Corporation Has Total Current Assets Equal to $80,000 and Working