Current assets at New Fashion Stores, Inc. are $20 million, and current liabilities are $10 million. The company's current ratio is ________.

Name: Current assets at New Fashion Stores, Inc. are $20 million, and current liabilities are $10 million. The company's current ratio is ________.
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Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. 
Current ratio = Current assets / Current liabilities 
= $20 million / $10 million 
= 2.00

Current Assets at New Fashion Stores, Inc