Agnes Company reported the following data:
- What was the current ratio?
A)0.5
B)1.5
C)2.5
D)0.75

Name: Agnes Company reported the following data: - What was the current ratio? A)0.5 B)1.5 C)2.5 D)0.75
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Question

Agnes Company reported the following data: 
- What was the current ratio?
A)0.5 
B)1.5 
C)2.5 
D)0.75

Quizplus · Accepted Answer

The current ratio is calculated as current assets divided by current liabilities. A current ratio of 1.5 indicates that the company has 1.5 times more current assets than current liabilities, suggesting a healthy liquidity position.

Agnes Company Reported the Following Data