Feiler Corporation has total current assets of $483,000,total current liabilities of $347,000,total stockholders' equity of $1,057,000,total net plant and equipment of $1,031,000,total assets of $1,514,000,and total liabilities of $457,000.The company's current ratio is closest to:
A) 0.32
B) 0.30
C) 1.39
D) 0.95

Question

Quizplus · Accepted Answer

Current ratio = Current assets ÷ Current liabilities
= $483,000 ÷ $347,000 = 1.39 (rounded)

Feiler Corporation Has Total Current Assets of $483,000,total Current Liabilities