The following contains information from the records of Bourne Engineers and Architects. Calculate the current ratio.(Round your answer to two decimal places. )
A)1.54
B)2.08
C)0.56
D)2.00

Name: The following contains information from the records of Bourne Engineers and Architects. Calculate the current ratio.(Round your answer to two decimal places. ) A)1.54 B)2.08 C)0.56 D)2.00
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Question

The following contains information from the records of Bourne Engineers and Architects.  Calculate the current ratio.(Round your answer to two decimal places. )
A)1.54 
B)2.08 
C)0.56 
D)2.00

Quizplus · Accepted Answer

D)Current ratio = Total current assets / Total current liabilities
Current ratio = $70,000 / $35,000 = 2.00

The Following Contains Information from the Records of Bourne Engineers