Solved

On December 31, the Gold Standard Company Reported the Following

Question 9

Multiple Choice

On December 31, the Gold Standard Company reported the following information on its financial statements.  Total current $680,000 assets  Total long- $1,850,000 term assets  Total current $490,000 liabilities  Total long- $975,000 term debt \begin{array} { l l } \hline \text { Total current } & \$ 680,000 \\\text { assets } & \\\text { Total long- } & \$ 1,850,000 \\\text { term assets } & \\\text { Total current } &\$490,000\\\text { liabilities }\\\text { Total long- }& \$ 975,000 \\\text { term debt }\\\hline\end{array} According to this information, the company's current ratio is approximately


A) 1.90.
B) 1.39.
C) 1.73.
D) 1.68.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions