Below are several people and their current ratios. If they were to lose their jobs today, which one would have more time and more choices until they find their next job?

Question

Quizplus · Accepted Answer

Leroy has a current ratio of 2.5 times, meaning he has 2.5 times more current assets than current liabilities. This indicates that Leroy is in a more stable financial position and may have a longer period of time to search for a new job before running out of money. Sally and Bob both have ratios lower than 1, indicating that their current liabilities exceed their current assets and they may have a more limited time frame and choices for finding a new job without facing financial difficulties.

Below Are Several People and Their Current Ratios