Harry's Bikes' current assets are $400 million and its current liabilities are $250 million. Its current ratio is 0.63.
$400/$250 = 1.6

Question

Quizplus · Accepted Answer

The calculation for the current ratio is current assets divided by current liabilities. Therefore, the correct calculation for Harry's Bikes' current ratio is:
$400 million / $250 million = 1.6
So, the statement in option A is incorrect and the answer is B.

Harry's Bikes' Current Assets Are $400 Million and Its Current