Myriad Canning Company has current assets of $8,000 and current liabilities of $2,000. What is its current ratio?
A) 2.5
B) 4
C) 8
D) 25

Name: Myriad Canning Company has current assets of $8,000 and current liabilities of $2,000. What is its current ratio? A) 2.5 B) 4 C) 8 D) 25
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Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. For Myriad Canning Company, this is $8,000 / $2,000 = 4.

Myriad Canning Company Has Current Assets of $8,000 and Current