Teague Company's working capital was $40,000 and total current liabilities were 1/4 of that amount.What was the current ratio?

Question

Quizplus · Accepted Answer

Current liabilities ($10,000) = Working capital ($40,000) F1F1F1S1F1F1F10 ¼Current assets ($50,000) - Current liabilities ($10,000) = Working capital ($40,000)Current ratio (5) = Current assets ($50,000) F1F1F1S1F1F1F10 Current liabilities ($10,000)

Teague Company's Working Capital Was $40,000 and Total Current Liabilities