On December 31, the Gold Standard Company reported the following information on its financial statements. $$\begin{array} { l l }
\hline \text { Total current } & \$ 680,000 \
\text { assets } & \
\text { Total long- } & \$ 1,850,000 \
\text { term assets } & \
\text { Total current } &\$490,000\
\text { liabilities }\
\text { Total long- }& \$ 975,000 \
\text { term debt }\
\hline
\end{array}$$ According to this information, the company's current ratio is approximately

Question

On December 31, the Gold Standard Company reported the following information on its financial statements. $$\begin{array} { l l } 
\hline \text { Total current } & \$ 680,000 \
\text { assets } & \
\text { Total long- } & \$ 1,850,000 \
\text { term assets } & \
\text { Total current } &\$490,000\
\text { liabilities }\
\text { Total long- }& \$ 975,000  \
\text { term debt }\
\hline
\end{array}$$ According to this information, the company's current ratio is approximately

Quizplus · Accepted Answer

The Answer of On December 31, the Gold Standard Company reported the following information on its financial statements. $$\begin{array} { l l } 
\hline \text { Total current } & \$ 680,000 \
\text { assets } & \
\text { Total long- } & \$ 1,850,000 \
\text { term assets } & \
\text { Total current } &\$490,000\
\text { liabilities }\
\text { Total long- }& \$ 975,000  \
\text { term debt }\
\hline
\end{array}$$ According to this information, the company's current ratio is approximately

On December 31, the Gold Standard Company Reported the Following