Biology Forums - Study Force

The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below.

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2020

2021

Current assets	​	​
Cash and cash equivalents	$  16,000	$  14,000
Accounts receivable, net	20,000	24,000
Inventory	25,000	23,000
Marketable equity securities	5,000	5,000
Total current assets	66,000	66,000
Plant & equipment, net	60,000	40,000
Total assets	$126,000	$106,000
​	​	​
Current liabilities	$   20,000	$   30,000
Noncurrent liabilities	60,000	40,000
Total liabilities	80,000	70,000
Total stockholders' equity	46,000	36,000
Total liabilities and stockholders' equity	$126,000	$106,000

Calculate the current ratio for 2021.

▸ 2.20

▸ 0.47

▸ 1.37

▸ 0.62

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