Feiler Corporation has total current assets of $497,000, total current liabilities of $361,000, total stockholders' equity of $1,071,000, total plant and equipment (net) of $1,045,000, total assets of $1,542,000, and total liabilities of $471,000. The company's current ratio is closest to:
A) 0.77
B) 1.06
C) 1.38
D) 2.22

Question

Quizplus · Accepted Answer

Current Ratio = Total Current Assets / Total Current Liabilities 
= $497,000 / $361,000 
= 1.38 (rounded to two decimal places)

Feiler Corporation Has Total Current Assets of $497,000, Total Current