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Nickolls Corporation has provided the following financial data:Cash$ 218,000Accounts receivable, ...

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Nickolls Corporation has provided the following financial data:Cash$ 218,000Accounts receivable, ...

Nickolls Corporation has provided the following financial data:

Cash	$ 218,000
Accounts receivable, net	$ 330,000
Total current assets	$ 784,000
Total current liabilities	$ 227,000

The company’s current ratio is closest to:

▸ 0.62

▸ 0.42

▸ 0.34

▸ 3.45

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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