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    Contemporary Business Study Set 2
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    Exam 15: Understanding Accounting and Financial Statements
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    If a Firm Has a Current Ratio of 2
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If a Firm Has a Current Ratio of 2

Question 110

Question 110

Multiple Choice

If a firm has a current ratio of 2.5,it means that for every $2.50 in _____ it has $1.00 in


A) current assets; current liabilities
B) total assets; total liabilities
C) current assets; total liabilities
D) total assets; current liabilities

Correct Answer:

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