In 2012,The W D Company reported current assets of $10,200 million,total assets of $43,679 million,current liabilities of $7,707 million,and total liabilities of $22,704 million.What was their current ratio for 2012?
A)0.45
B)1.32
C)1.92
D)5.67

Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. For W D Company in 2012, the current ratio is $10,200 million / $7,707 million = 1.32.

In 2012,The W D Company Reported Current Assets of $10,200