Use the following information to answer questions
Green Thumb Garden Supplies reported the following information for 2015 and 2016.

-What is the current ratio for 2016?
A)2.0:1
B)1.7:1
C)1.6:1
D)0.6:1

Question

Use the following information to answer questions 
Green Thumb Garden Supplies reported the following information for 2015 and 2016.
   
-What is the current ratio for 2016?
A)2.0:1 
B)1.7:1 
C)1.6:1 
D)0.6:1

Quizplus · Accepted Answer

The current ratio for 2016 can be calculated as (Current Assets / Current Liabilities) = ($300,000 / $180,000) = 1.67:1. Therefore, the best choice is B as it matches the calculated current ratio.

Use the Following Information to Answer Questions