What would the current ratio be if a company had the following financial information: Current Assets, $150,000; Current Liabilities, $75,000; Total Assets $350,000. Round to one decimal places?
A) 4.7
B) 2
C) 6.6
D) None of the above

Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. Thus, the current ratio in this case would be ($150,000/$75,000) = 2.

What Would the Current Ratio Be If a Company Had