Solved

With Fixed Assets of $4 Billion and Current Assets of $1.7

Question 192

Multiple Choice

With fixed assets of $4 billion and current assets of $1.7 billion, Realm Company has long-term liabilities of $2 billion and current liabilities of $0.34 billion. What is Realm's current ratio?


A) 2
B) 5
C) 5.88
D) 5.1
E) 6.33

Correct Answer:

verifed

Verified

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

Related Questions

Q37: How is gross profit calculated?

Q187: Rent for the period to come is

Q188: What is the difference between operating income

Q189: Owners' equity is meaningful information for investors,

Q190: Identify an activity ratio and what it

Q193: Owners' equity equals assets plus liabilities.

Q194: Discuss the accounting principles of revenue recognition

Q195: Kershner says: "Our income statement should be

Q196: Which of the following is correct with

Q197: Intangible assets include patents, trademarks, and copyrights.