Given the following information,calculate the current ratio:
$$\begin{array} { l r }
\text { Curent Arsets } & \$ 85,000 \
\text { Long-Term Liabilities } & - 0 - \
\text { Net Income } & \$ 30,000 \
\text { Return on Assets* } & 12.5 \% \
\text { Debt-to-Equity Ratio } & 20.0 \%
\end{array}$$ * Based on ending balance of assets

Question

Given the following information,calculate the current ratio:
 $$\begin{array} { l r } 
\text { Curent Arsets } & \$ 85,000 \
\text { Long-Term Liabilities } & - 0 - \
\text { Net Income } & \$ 30,000 \
\text { Return on Assets* } & 12.5 \% \
\text { Debt-to-Equity Ratio } & 20.0 \%
\end{array}$$ * Based on ending balance of assets

Quizplus · Accepted Answer

The Answer of Given the following information,calculate the current ratio:
 $$\begin{array} { l r } 
\text { Curent Arsets } & \$ 85,000 \
\text { Long-Term Liabilities } & - 0 - \
\text { Net Income } & \$ 30,000 \
\text { Return on Assets* } & 12.5 \% \
\text { Debt-to-Equity Ratio } & 20.0 \%
\end{array}$$ * Based on ending balance of assets

Given the Following Information,calculate the Current Ratio * Based on Ending Balance of Assets