Multiple Choice
A company has $120,000 in current assets; $550,000 in total assets; $90,000 in current liabilities,and $110,000 in total liabilities.Calculate the current ratio of the company.(Round your answer to two decimal places.)
A) 1.33
B) 1.72
C) 1.75
D) 1.09
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q118: A work sheet is a substitute for
Q159: List the steps of the accounting cycle
Q160: The following is the adjusted trial
Q161: A balance sheet prepared in the report
Q162: In regards to a company using a
Q165: Wilson Engraving just completed operations for the
Q166: In a balance sheet,assets are classified as
Q167: Reversing entries are used in conjunction with
Q168: The following is the adjusted trial
Q169: Which of the following is a permanent