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The Following Contains Information from the Records of Bourne Engineers

Question 188

Multiple Choice

The following contains information from the records of Bourne Engineers and Architects.  Bourne Engineers and Architects  Selected Finarncial Information  Decermber 31, 2019  Current Assets $70,000 Current Liabilities 35,000 Long-Term Assets 97,000 Long-Term Liabilities 63,000 Total Revenues 55,000 Total Expenses 36,000 \begin{array} { c } \text { Bourne Engineers and Architects } \\\text { Selected Finarncial Information } \\\text { Decermber 31, 2019 }\\\begin{array} {| l | r| } \hline \text { Current Assets } & \$ 70,000 \\\hline \text { Current Liabilities } & 35,000 \\\hline \text { Long-Term Assets } & 97,000\\\hline \text { Long-Term Liabilities } & 63,000\\\hline \text { Total Revenues } & 55,000 \\\hline \text { Total Expenses } & 36,000\\\hline\end{array}\end{array} Calculate the current ratio.(Round your answer to two decimal places.)


A) 1.54
B) 2.08
C) 0.56
D) 2.00

Correct Answer:

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