Kareem has $6,000 in monetary assets and $2,000 in current liabilities.What is his current ratio?
A)2,000/6,000
B)0.334 times
C)6,000/2,000
D)3 times
E)Both C and D are correct.

Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. In this case, it's $6,000 / $2,000 = 3. Therefore, both C (the formula) and D (the numerical answer) are correct.

Kareem Has $6,000 in Monetary Assets and $2,000 in Current