From the information given below, calculate the organization's current ratio. Total Liabilities = $750,000; Current Liabilities = $220,000; Total Assets = $700,000; Current Assets = $176,000
A)0.65
B)0.25
C)0.70
D)0.80

Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. Here, $176,000 / $220,000 = 0.80.

From the Information Given Below, Calculate the Organization's Current Ratio