Swan Song's adjusted trial balance as of 31 December 2017 is given below:

Calculate the current ratio.

Name: Swan Song's adjusted trial balance as of 31 December 2017 is given below: Calculate the current ratio.
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Question

Swan Song's adjusted trial balance as of 31 December 2017 is given below:

Calculate the current ratio.

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. 
Current assets = 779,250 
Current liabilities = 449,850 
Current ratio = 779,250 / 449,850 = 1.73, which is closest to option B (1.73).

Swan Song's Adjusted Trial Balance as of 31 December 2017