If current assets are $60,000 and current liabilities are $10,000,the current ratio is:
A)5:1.
B)6:1.
C)0)6:1.
D)None of the above.

Name: If current assets are $60,000 and current liabilities are $10,000,the current ratio is: A)5:1. B)6:1. C)0)6:1. D)None of the above.
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Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. So, current ratio = $60,000/$10,000 = 6:1. Therefore, the correct answer is B) 6:1.

If Current Assets Are $60,000 and Current Liabilities Are $10,000,the