Multiple Choice
A company has $200 in cash, $500 in accounts receivable, and $700 in inventory. If current liabilities are $400, then the current ratio would be
A) 1.75 to 1
B) 3.50 to 1
C) 2.25 to 1
D) 3.00 to 1
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q97: Match each of the following terms pertaining
Q121: Dallas Company uses the indirect method of
Q137: On May 1, the Chris Company borrowed
Q141: Assume the current ratio is 2 to
Q143: Executive, Inc. has a weekly payroll of
Q144: If current assets amount to $150, total
Q145: A company's balance sheet shows the account,
Q146: To determine whether a lottery winner would
Q147: On October 1, Lawrence Company borrowed $60,000
Q156: Discount on Notes Payable is treated as