Please refer to the following information and calculate the current ratio:

Name: Please refer to the following information and calculate the current ratio:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To calculate the current ratio, we divide current assets by current liabilities.
Current assets = 1120+290+70+20 = 1500
Current liabilities = 2050+200+50 = 2300
Current ratio = 1500/2300 = 0.65
Therefore, the answer is C (0.53) as it is the closest option to 0.65.

Please Refer to the Following Information and Calculate the Current