Swan Song's adjusted trial balance as of December 31,2016 is given below: Compute the current ratio.(Round your answer to two decimals. )
A)7.01
B)2.07
C)1.80
D)2.73

Name: Swan Song's adjusted trial balance as of December 31,2016 is given below: Compute the current ratio.(Round your answer to two decimals. ) A)7.01 B)2.07 C)1.80 D)2.73
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Question

Swan Song's adjusted trial balance as of December 31,2016 is given below:  Compute the current ratio.(Round your answer to two decimals. )
A)7.01 
B)2.07 
C)1.80 
D)2.73

Quizplus · Accepted Answer

11ea86d6_8252_d028_92b6_73cb47041fd5_TB2804_00 Current ratio = Total current assets / Total current liabilities
Current ratio = $35,000 / $12,800 = 2.73

Swan Song's Adjusted Trial Balance as of December 31,2016 Is