The current ratio for a company with current assets of $70,000,current liabilities of $50,000,total assets of $150,000,and net sales of $80,000,would be:
A)1.4.
B)0.714.
C)3.0.
D)0.875.

Name: The current ratio for a company with current assets of $70,000,current liabilities of $50,000,total assets of $150,000,and net sales of $80,000,would be: A)1.4. B)0.714. C)3.0. D)0.875.
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Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. Current ratio = $70,000/$50,000 = 1.4.

The Current Ratio for a Company with Current Assets of $70,000,current