Trekker Bikes' current assets are $300 million and its current liabilities are $125 million. Its current ratio is 0.417.

Name: Trekker Bikes' current assets are $300 million and its current liabilities are $125 million. Its current ratio is 0.417.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Current ratio is calculated by dividing current assets by current liabilities. In this case, the calculation would be $300 million / $125 million = 2.4. Therefore, the statement provided in the question is incorrect.

Trekker Bikes' Current Assets Are $300 Million and Its Current