Multiple Choice
The finance managers collected the following information for their firm: Total Assets = $60 000; Current Assets = $10 000; Long-term Liabilities = $100 000; Current Liabilities = $8000.What is the current ratio?
A) 2.00
B) 1.25
C) 1.00
D) 2.50
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q15: A firm that extends credit for only
Q34: A factor is a company that provides
Q37: A cash budget is a detailed projection
Q39: Return on assets is a profitability ratio
Q42: What is the term for companies that
Q43: What is the term for the conditions
Q50: Which of the following tells us that
Q56: Which ratio measures the ability to pay
Q95: The debt-to-asset ratio measures the extent to
Q135: Danielle, the regional manager of CDz music