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The Following Contains Information from the Records of the Wellborn \quad

Question 75

Multiple Choice

The following contains information from the records of the Wellborn Engineers and Architects.
\quad \quad \quad Wellborn Engineers and Architects
\quad \quad \quad Selected financial information

\quad \quad \quad \quad \quad 31 December 2016
 Current assets $80,000 Current liabilities 42,000 Non-current assets 97,000 Non-current liabilities 64,000 Total revenues 53,000 Total expenses 34,000\begin{array} { | l | l | } \hline \text { Current assets } & \$ 80,000 \\\hline \text { Current liabilities } & 42,000 \\\hline \text { Non-current assets } & 97,000 \\\hline \text { Non-current liabilities } & 64,000 \\\hline \text { Total revenues } & 53,000 \\\hline \text { Total expenses } & 34,000 \\\hline\end{array} Calculate the current ratio.


A) 1.9
B) 0.6
C) 1.52
D) 2.23

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