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The Following Contains Information from the Records of the Wellborn \quad

Question 147

Multiple Choice

The following contains information from the records of the Wellborn Engineers and Architects. \quad \quad \quad \quad \quad \quad \quad \quad Wellborn Engineers and Architects
\quad \quad \quad \quad \quad \quad \quad \quad \quad Selected Financial Information
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad December 31, 2015  Current Assets $74,000 Current Liabilities 44,000 Long-term Assets 95,000 Long-term Liabilities 60,000 Total Revenues 50,000 Total Expenses 30,000\begin{array} { | l | r | } \hline \text { Current Assets } & \$ 74,000 \\\hline \text { Current Liabilities } & 44,000 \\\hline \text { Long-term Assets } & 95,000 \\\hline \text { Long-term Liabilities } & 60,000 \\\hline \text { Total Revenues } & 50,000 \\\hline \text { Total Expenses } & 30,000 \\\hline\end{array} Calculate the current ratio.


A) 1.58
B) 2.32
C) 0.59
D) 1.68

Correct Answer:

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