A company's classified balance sheet shows current assets of $8,650 and current liabilities of $6,000.The company's current ratio is closest to:
A)0.69 to 1
B)1.44 to 1
C)1.16 to 1
D)3.26 to 1

Name: A company's classified balance sheet shows current assets of $8,650 and current liabilities of $6,000.The company's current ratio is closest to: A)0.69 to 1 B)1.44 to 1 C)1.16 to 1 D)3.26 to 1
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Question

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities: $8,650 / $6,000 = 1.44 to 1.

A Company's Classified Balance Sheet Shows Current Assets of $8,650