Refer to the following selected financial information from Troy Manufacturing.

-Compute the company's current ratio.
A)6.44.
B)2.84.
C)6.27.
D)3.60.
E)1.44.

Question

Refer to the following selected financial information from Troy Manufacturing.

-Compute the company's current ratio. 
A)6.44. 
B)2.84. 
C)6.27. 
D)3.60. 
E)1.44.

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. The correct choice is based on the given financial data, which results in a current ratio of 2.84.

Refer to the Following Selected Financial Information from Troy Manufacturing