Washington Corporation Has the Following Financial Data for 2013 and 2012
Question 50
Question 50
Multiple Choice
Washington Corporation has the following financial data for 2013 and 2012. 20129,00011,00025,00010,00055,000120,000$175,000$40,00035,000$75,000$100,000$175,0002013$37,0008,00032,00013,00090,000135,000$225,000$71,00034,000$105,000$120,000$225,000 ASSSETS Curent Assets: Cash Marketable Securities Accounts Receivable Other Current Assets Total Current Assets Fixed Assets(net) Total Assets Liabilities Curent Liabilities Long-term Liabilities Total Libilities Total Stocklohlers’Equity Total Linbilities And StockJolders’ Equity What is Washington's current ratio for 2013?
A) 1.08 B) 0.79 C) 1.27 D) 1.50
Correct Answer:
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