What is the current ratio if the short-term asset balance is $5,000,000 and the short-term liabilities balance is $500,000?
A).01
B)10
C)1
D)100

Name: What is the current ratio if the short-term asset balance is $5,000,000 and the short-term liabilities balance is $500,000? A).01 B)10 C)1 D)100
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Quizplus · Accepted Answer

The current ratio is calculated by dividing the total short-term assets by the total short-term liabilities. In this case, $5,000,000 / $500,000 = 10.

What Is the Current Ratio If the Short-Term Asset Balance