You have been provided the following information about High Inc.
$\begin{array}{|l|l|l|}
\hline {\text { in thousands of dollars) }} & {2005} &{2006} \
\hline \text { Current Assets } & \$ 158 & \$ 163 \
\hline \text { Long Term Assets } & \$ 453 & \$ 502 \
\hline \text { Current Liabilities } & \$ 102 & \$ 143 \
\hline \text { Long Term Liabilities } & \$ 302 & \$348 \
\hline \text { Net Income } & \$ 32 & \$ 42 \
\hline
\end{array}$
-Current Ratio for 2005 is:
A) 1.55
B) 1.51
C) 1.50
D) 1.14

Question

You have been provided the following information about High Inc.
 $\begin{array}{|l|l|l|}
\hline {\text { in thousands of dollars) }} & {2005}  &{2006} \
\hline \text { Current Assets } & \$ 158 & \$ 163 \
\hline \text { Long Term Assets } & \$ 453 & \$ 502 \
\hline \text { Current Liabilities } & \$ 102 & \$ 143 \
\hline \text { Long Term Liabilities } & \$ 302 & \$348 \
\hline \text { Net Income } & \$ 32 & \$ 42 \
\hline
\end{array}$
-Current Ratio for 2005 is:
A) 1.55
B) 1.51
C) 1.50
D) 1.14

Quizplus · Accepted Answer

Current Ratio = Current Assets / Current Liabilities= 158 / 102= 1.55

You Have Been Provided the Following Information About High Inc