A company has $200 in cash,$500 in accounts receivable,and $700 in inventory.If current liabilities are $400,then the current ratio would be
A) 1.75 to 1.
B) 3.50 to 1.
C) 3.00 to 1.
D) 2.25 to 1.
Correct Answer:
Verified
Q47: Which of the following is not classified
Q48: If a company borrows money from its
Q49: Which of the following statements about current
Q50: If a company purchases $3,200 worth of
Q51: A company has $8,000 in cash,$9,250 in
Q53: The payment of accounts payable results in
Q54: A company has $200 in cash,$500 in
Q55: Which of the following accounts is not
Q56: Long-term assets are $800,current liabilities are $500,and
Q57: Assume the current ratio is 2 to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents