Selected financial data for Link, Inc. follows: ($ in thousands)

-The current ratio at the end of 2012 is:
A) 10.21
B) 2.31
C) 2.76
D) 10.30
E) None of the above.

Name: Selected financial data for Link, Inc. follows: ($ in thousands) -The current ratio at the end of 2012 is: A) 10.21 B) 2.31 C) 2.76 D) 10.30 E) None of the above.
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Question

Selected financial data for Link, Inc. follows: ($ in thousands)
 
-The current ratio at the end of 2012 is:
A) 10.21 
B) 2.31 
C) 2.76 
D) 10.30 
E) None of the above.

Quizplus · Accepted Answer

Current Ratio = Current Assets/Current Liabilities

At the end of 2012,

Current Ratio = (49,304 + 15,236)/18,513 = 2.76

Therefore, the best choice is C, 2.76.

Selected Financial Data for Link, Inc