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At the End of the Year, Current Liabilities of a fiRm

Question 22

Multiple Choice

At the end of the year, current liabilities of a firm is €280, current assets is €340 and the inventory is €110.What is the firms Current and Quick ratios?


A) 1.214 and 0.8214
B) 0.8235 and 0.5
C) 0.3571 and 0.5294
D) 1.214 and 0.5294
E) 0.3571 and 0.8214

Correct Answer:

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