Refer to the following selected financial information from Troy Manufacturing. Compute the company's current ratio. $\begin{array}{lr}
\text { Current Assets } & 306,450 \
\text { Plant assets } & 388,000 \
\text { Current Liabilities } & 107,800 \
\text { Net sales } & 676,000 \
\text { Net Income } & 75,000
\end{array}$
A) 6.44.
B) 2.84.
C) 6.27.
D) 3.60.
E) 1.44.

Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities: $ \frac{306,450}{107,800} = 2.84 $.

Refer to the Following Selected Financial Information from Troy Manufacturing