Selected information from the 2014 and 2013 financial statements of Sculley Corporation is presented below:

-Refer to the Sculley Corporation information above.Sculley's current ratio as of December 31,2014,is
A) 2.84 to 1.
B) 3.37 to 1.
C) 2.91 to 1.
D) 3.33 to 1.

Question

Selected information from the 2014 and 2013 financial statements of Sculley Corporation is presented below:
  
-Refer to the Sculley Corporation information above.Sculley's current ratio as of December 31,2014,is
A) 2.84 to 1. 
B) 3.37 to 1. 
C) 2.91 to 1. 
D) 3.33 to 1.

Quizplus · Accepted Answer

Current Ratio = Current Assets / Current Liabilities
Current Ratio as of December 31, 2014 = 16,170 / 5,570 = 2.91 to 1. Therefore, the best choice is C.

Selected Information from the 2014 and 2013 Financial Statements of Sculley