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The Following Contains Information from the Records of Bourne Engineers

Question 196

Multiple Choice

The following contains information from the records of Bourne Engineers and Architects. Boume Engineers and ArchitectsSelected Financial InformationDecember 31,2019 Current Assets $80,000 Current Liabilities 42,000 Long-Term Assets 98,000 Long-Term Liabilities 65,000 Total Revenues 55,000 Total Expenses 32,000\begin{array}{c}\text {Boume Engineers and Architects}\\\text {Selected Financial Information}\\\text {December 31,2019}\\\begin{array}{|l|r|}\hline\text { Current Assets } & \$ 80,000 \\\hline \text { Current Liabilities } & 42,000 \\\hline \text { Long-Term Assets } & 98,000 \\\hline \text { Long-Term Liabilities } & 65,000 \\\hline \text { Total Revenues } & 55,000 \\\hline \text { Total Expenses } & 32,000\\\hline\end{array}\end{array} Calculate the current ratio. (Round your answer to two decimal places.)


A) 1.51
B) 2.25
C) 0.59
D) 1.90

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