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Sports Ltd Reports the Following Information If Current Assets Represent 60% of Total Assets, Sports Ltd's

Question 29

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Sports Ltd reports the following information:  Net profit $30,000 Total assets 950,000 Current liabilities 285,000 Deferred liabilities 405,000\begin{array} { l l } \text { Net profit } & \$ 30,000 \\\text { Total assets } & 950,000 \\\text { Current liabilities } & 285,000 \\\text { Deferred liabilities } & 405,000\end{array} If current assets represent 60% of total assets, Sports Ltd's current ratio is:


A) 150%.
B) 67%.
C) 200%.
D) 50%.

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