If Current Assets are $103,000, Property and Equipment is $130,000, Current Liabilities are $61,000, and Long-Term Liabilities are $105,000, the current ratio is
A) 1.69 to 1.
B) .98 to 1.
C) 3.82 to 1.
D) 2.22 to 1.
E) 1.02 to 1.

Question

Quizplus · Accepted Answer

Current Ratio = Current Assets / Current Liabilities
Current Ratio = $103,000 / $61,000
Current Ratio = 1.69 to 1.

If Current Assets Are $103,000, Property and Equipment Is $130,000