Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $512,100, and sales of $1,021,500.The profit margin is 6.2 percent.What is the current ratio?
A)..95
B).1.12
C)1.26
D)1.40
E)1.50

Question

Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $512,100, and sales of $1,021,500.The profit margin is 6.2 percent.What is the current ratio?
A)..95
B).1.12 
C)1.26
D)1.40
E)1.50

Quizplus · Accepted Answer

The Answer of Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $512,100, and sales of $1,021,500.The profit margin is 6.2 percent.What is the current ratio?
A)..95
B).1.12 
C)1.26
D)1.40
E)1.50

Philippe Organic Farms Has Total Assets of $689,400, Long-Term Debt