Use the following information for questions 100-103.
Orville Enterprise Ltd. revealed the following information for the years ended December 31, 2014 and 2015:
-Orville Enterprise Ltd's 2015 current ratio is
A) 1.59:1.
B) 1.39:1.
C) 1.00:1.
D) 0.19:1.

Question

Use the following information for questions 100-103.
Orville Enterprise Ltd. revealed the following information for the years ended December 31, 2014 and 2015: 
-Orville Enterprise Ltd's 2015 current ratio is
A) 1.59:1. 
B) 1.39:1. 
C) 1.00:1. 
D) 0.19:1.

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. The given ratio of 1.59:1 indicates that Orville Enterprise Ltd has $1.59 in current assets for every $1 of current liabilities.

Use the Following Information for Questions 100-103