Milton Company has total current assets of $65,000,including inventory of $20,000,and current liabilities of $25,000.The company's current ratio is:
A)0.4.
B)1.8.
C)3.4.
D)2.6.

Name: Milton Company has total current assets of $65,000,including inventory of $20,000,and current liabilities of $25,000.The company's current ratio is: A)0.4. B)1.8. C)3.4. D)2.6.
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Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing total current assets by current liabilities. Here, $65,000 / $25,000 = 2.6.

Milton Company Has Total Current Assets of $65,000,including Inventory of $20,000,and