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janderson2000 janderson2000
wrote...
Posts: 343
5 years ago
A company has $100,000 in current assets; $600,000 in total assets; $80,000 in current liabilities, and $120,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimals.)
A) 1.25
B) 2.00
C) 1.80
D) 0.83
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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ola
wrote...
5 years ago
 A
Explanation:  A) Current ratio = Total current assets / Total current liabilities
Current ratio = $100,000 / $80,000 = 1.25
janderson2000 Author
wrote...
5 years ago
Thank you for helping me with my quiz
ola
wrote...
5 years ago
Perfect
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