Cameron has $17,000 in monetary assets and $4,000 in current liabilities.What is his current ratio?
A)17,000/4,000
B).535 times
C)5 times
D)13,000/4,000

Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing monetary assets by current liabilities: $17,000 / $4,000 = 4.25 times. However, none of the options directly match this calculation, but option A represents the correct formula.

Cameron Has $17,000 in Monetary Assets and $4,000 in Current