The current ratio for a company with current assets of $70,000,quick assets of $30,000,total assets of $150,000,current liabilities of $50,000,and net sales of $80,000 would be:

Name: The current ratio for a company with current assets of $70,000,quick assets of $30,000,total assets of $150,000,current liabilities of $50,000,and net sales of $80,000 would be:
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Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. Here, $70,000 / $50,000 = 1.40.

The Current Ratio for a Company with Current Assets of $70,000,quick