Hard-up Ltd has a current ratio of 0.75.Its current liabilities amount to $200 000.It borrows $75 000 from a finance company,repayable in five years.
-What is the current ratio following the loan?
A) 0.818
B) 1.125
C) It cannot be determined from the above information
D) None of the answers provided

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The Answer of Hard-up Ltd has a current ratio of 0.75.Its current liabilities amount to $200 000.It borrows $75 000 from a finance company,repayable in five years.
-What is the current ratio following the loan?
A) 0.818
B) 1.125
C) It cannot be determined from the above information
D) None of the answers provided

Hard-Up Ltd Has a Current Ratio of 0