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A Company Ends the Year with a Banker's Ratio of 5.3

Question 61

Multiple Choice
A company ends the year with a banker's ratio of 5.3. How much current liabilities does it have if its current asset total is $15.3 million?

A company ends the year with a banker's ratio of 5.3. How much current liabilities does it have if its current asset total is $15.3 million?


A) $3.1 million
B) $5.1 million
C) $10.1 million
D) $10.2 million
E) $15.1 million

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