Use this balance sheet and income statement for the first year of operations for Layton Novelties,Inc.to answer the following question. The current ratio for Layton Novelties is
A) 1.75.
B) .57.
C) 1.4.
D) 2.0.

Question

Use this balance sheet and income statement for the first year of operations for Layton Novelties,Inc.to answer the following question.   The current ratio for Layton Novelties is
A) 1.75. 
B) .57. 
C) 1.4. 
D) 2.0.

Quizplus · Accepted Answer

The Answer of Use this balance sheet and income statement for the first year of operations for Layton Novelties,Inc.to answer the following question.   The current ratio for Layton Novelties is
A) 1.75. 
B) .57. 
C) 1.4. 
D) 2.0.

Use This Balance Sheet and Income Statement for the First