Below are several people and their current ratios.If they were to lose their jobs today,which one would probably experience financial stress and pressures the quickest?
A)Elmo has a current ratio of 0.5 times.
B)Andy has a current ratio of 2.1 times.
C)Dee has a current ratio of 1 time.
D)There is not enough information to answer this question.

Question

Quizplus · Accepted Answer

Elmo's current ratio of 0.5 times indicates that his current assets only cover 50% of his current liabilities. This suggests that he may not have enough cash or liquid assets to cover his short-term obligations and may experience financial stress if he were to lose his job.

Below Are Several People and Their Current Ratios