Earth Fare Foods has total assets of $229,800,net fixed assets of $71,500,long-term debt of $52,000,and total debt of $78,700.If inventory is $45,000,what is the current ratio?
A)0.20
B)0.46
C)0.84
D)1.18
E)5.93

Name: Earth Fare Foods has total assets of $229,800,net fixed assets of $71,500,long-term debt of $52,000,and total debt of $78,700.If inventory is $45,000,what is the current ratio? A)0.20 B)0.46 C)0.84 D)1.18 E)5.93
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Question

Quizplus · Accepted Answer

Current ratio = ($229,800 - $71,500)/($78,700 - $52,000) = 5.93

Earth Fare Foods Has Total Assets of $229,800,net Fixed Assets