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    Financial and Managerial Accounting Study Set 8
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    Exam 5: The Accounting Cycle: Reporting Financial Results
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    If Current Assets Are $180,000 and Current Liabilities Are $130,000,the
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If Current Assets Are $180,000 and Current Liabilities Are $130,000,the

Question 94

Question 94

Multiple Choice

If current assets are $180,000 and current liabilities are $130,000,the current ratio will be:


A) 72%.
B) $50,000.
C) 1.4.
D) $310,000.

Correct Answer:

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