A company has total assets of $350,000 consisting of current assets of $115,000,property,plant,and equipment of $200,000,and other assets of $35,000.The company has total liabilities of $100,000 consisting of current liabilities of $65,000 and other liabilities of $35,000.What is the current ratio?

Question

Quizplus · Accepted Answer

$115,000 (Current assets)/ $65,000 (Current liabilities)= 1.77

A Company Has Total Assets of $350,000 Consisting of Current