A company has $130,000 in current assets; $500,000 in total assets; $90,000 in current liabilities, and $110,000 in total liabilities. The company has a current ratio of:
A)1.44.
B)1.48.
C)1.73.
D)1.18.

Name: A company has $130,000 in current assets; $500,000 in total assets; $90,000 in current liabilities, and $110,000 in total liabilities. The company has a current ratio of: A)1.44. B)1.48. C)1.73. D)1.18.
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Question

Quizplus · Accepted Answer

Current ratio = Current assets / Current liabilities = $130,000 / $90,000 = 1.44

A Company Has $130,000 in Current Assets; $500,000 in Total