Refer to the following selected financial information from Frankle Corp. Compute the company's current ratio. $$\begin{array} { | l | r | }
\hline & \
\hline \text { Current assets } & 306,450 \
\hline \text { Plant assets } & 388,000 \
\hline \text { Current Liabilities } & 107,800 \
\hline \text { Net sales } & 676,000 \
\hline \text { Net Income } & 75,000 \
\hline
\end{array}$$
A) 1.44.
B) 3.60.
C) 6.27.
D) 6.44.
E) 2.84.

Question

Refer to the following selected financial information from Frankle Corp. Compute the company's current ratio. $$\begin{array} { | l | r | } 
\hline & \
\hline \text { Current assets } & 306,450 \
\hline \text { Plant assets } & 388,000 \
\hline \text { Current Liabilities } & 107,800 \
\hline \text { Net sales } & 676,000 \
\hline \text { Net Income } & 75,000 \
\hline
\end{array}$$
A) 1.44.
B) 3.60.
C) 6.27.
D) 6.44.
E) 2.84.

Quizplus · Accepted Answer

The Answer of Refer to the following selected financial information from Frankle Corp. Compute the company's current ratio. $$\begin{array} { | l | r | } 
\hline & \
\hline \text { Current assets } & 306,450 \
\hline \text { Plant assets } & 388,000 \
\hline \text { Current Liabilities } & 107,800 \
\hline \text { Net sales } & 676,000 \
\hline \text { Net Income } & 75,000 \
\hline
\end{array}$$
A) 1.44.
B) 3.60.
C) 6.27.
D) 6.44.
E) 2.84.

Refer to the Following Selected Financial Information from Frankle Corp