James has a business mowing lawns.On 31 December 2016,he has a utility truck worth $7000,a mower worth $250 and an edger worth $110.Fuel on hand cost $70.Customers owe him $360 and he owes his fuel supplier $90.He owes his sister $5000,which is a long-term loan,and he has $110 in his business bank account.
- What is James's current ratio?
A) 4.2:1
B) 4.7:1
C) 5:1
D) 6:1

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The Answer of James has a business mowing lawns.On 31 December 2016,he has a utility truck worth $7000,a mower worth $250 and an edger worth $110.Fuel on hand cost $70.Customers owe him $360 and he owes his fuel supplier $90.He owes his sister $5000,which is a long-term loan,and he has $110 in his business bank account.
- What is James's current ratio?
A) 4.2:1
B) 4.7:1
C) 5:1
D) 6:1

James Has a Business Mowing Lawns