The balance sheet of Crimpson Solutions Ltd. has cash of $125 million, accounts receivable of $245 million, inventory of $160 million, and equipment worth $450 million. The company also has accounts payable of $120 million, notes payable of $280 million, and corporate bonds of $365 million. Crimpson's current ratio is:
A)2.5 times.
B)1.56 times.
C)1.325 times.
D)0.565 times.
E)1.855 times.

Question

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The Answer of The balance sheet of Crimpson Solutions Ltd. has cash of $125 million, accounts receivable of $245 million, inventory of $160 million, and equipment worth $450 million. The company also has accounts payable of $120 million, notes payable of $280 million, and corporate bonds of $365 million. Crimpson's current ratio is:
A)2.5 times.
B)1.56 times.
C)1.325 times.
D)0.565 times.
E)1.855 times.

The Balance Sheet of Crimpson Solutions Ltd