Multiple Choice
Indooroopilly & Sons reports:
Total assets $ 950 000
Profit 80 000
Current liabilities 570 000
If current assets = 40% of total assets Indooroopilly's current ratio is:
A) 1 to 2.
B) 3 to 2.
C) 2 to 1.
D) 2 to 3.
Correct Answer:
Verified
Correct Answer:
Verified
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