Solved

Schultz Consultancy Reports  Total assets $950000 Profit 30000 Current liabilities 285000\begin{array} { l r } \text { Total assets } & \$ 950000 \\\text { Profit } & 30000 \\\text { Current liabilities } & 285000\end{array}

Question 6

Multiple Choice

Schultz Consultancy reports:  Total assets $950000 Profit 30000 Current liabilities 285000\begin{array} { l r } \text { Total assets } & \$ 950000 \\\text { Profit } & 30000 \\\text { Current liabilities } & 285000\end{array} If current assets = 60% of total assets Schultz's current ratio is:


A) 1 to 2
B) 3 to 2
C) 2 to 1
D) 2 to 3

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions