A company has $100,000 in current assets;$600,000 in total assets;$80,000 in current liabilities,and $120,000 in total liabilities.Calculate the current ratio of the company.(Round your answer to two decimals. )
A)1.25
B)2.00
C)1.80
D)0.83

Question

Quizplus · Accepted Answer

A)Current ratio = Total current assets / Total current liabilities
Current ratio = $100,000 / $80,000 = 1.25

A Company Has $100,000 in Current Assets;$600,000 in Total Assets;$80,000