Team Shirts has $233,000 in total current assets and $141,500 in total current liabilities.
1.Calculate the current ratio (rounded to one decimal place)for Team Shirts.
2.Is this a more favorable ratio than 0.9 to 1?

Question

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The Answer of Team Shirts has $233,000 in total current assets and $141,500 in total current liabilities.
1.Calculate the current ratio (rounded to one decimal place)for Team Shirts.
2.Is this a more favorable ratio than 0.9 to 1?

Team Shirts Has $233,000 in Total Current Assets and $141,500