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khalid khalid
wrote...
Posts: 8
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9 years ago
Current assets at New Fashion Stores, Inc. are $20 million, and current liabilities are $10 million. The company's current ratio is ________.

      
0.50
      
10.00
      
2.00
      
20.00
      
5.00
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Replies
wrote...
#1
9 years ago
2.00

The current ratio is a measurement used to determine the extent to which a company can meet its current financial obligations. Current ratio is calculated as Current Assets / Current Liabilities.
Biology - The only science where multiplication and division mean the same thing.
khalid Author
wrote...
#2
9 years ago
Thanks
wrote...
#3
9 years ago
Glad to help man.
Biology - The only science where multiplication and division mean the same thing.
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