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