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    Business
  3. Study Set
    Financial and Managerial Accounting Study Set 3
  4. Exam
    Exam 10: Current Liabilities and Fair Value Accounting
  5. Question
    Company A's Current Assets = $10,000,total Assets = $26,000,current Liabilities
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Company A's Current Assets = $10,000,total Assets = $26,000,current Liabilities

Question 101

Question 101

Multiple Choice

Company A's current assets = $10,000,total assets = $26,000,current liabilities = $7,000 and total liabilities = $47,000.What is Company A's current ratio?


A) $3,000
B) $21,000
C) 1.43
D) 0.55

Correct Answer:

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