Lionworks Company has cash of $143,000;net Accounts Receivable of $89,000;short-term investments of $35,000 and prepaid expenses of $40,000.It also has $50,000 in current liabilities and $80,000 in long-term liabilities.The current ratio for Lionworks Company is:

Question

Quizplus · Accepted Answer

The Answer of Lionworks Company has cash of $143,000;net Accounts Receivable of $89,000;short-term investments of $35,000 and prepaid expenses of $40,000.It also has $50,000 in current liabilities and $80,000 in long-term liabilities.The current ratio for Lionworks Company is:

Lionworks Company Has Cash of $143,000;net Accounts Receivable of $89,000;short-Term