Swan Song's adjusted trial balance as of December 31,2016 is given below:

Compute the current ratio.(Round your answer to two decimals. )
A)8.09
B)2.31
C)1.63
D)2.54

Name: Swan Song's adjusted trial balance as of December 31,2016 is given below: Compute the current ratio.(Round your answer to two decimals. ) A)8.09 B)2.31 C)1.63 D)2.54
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Question

Swan Song's adjusted trial balance as of December 31,2016 is given below:

Compute the current ratio.(Round your answer to two decimals. )
A)8.09 
B)2.31 
C)1.63 
D)2.54

Quizplus · Accepted Answer

D)
 11ea8a42_4f26_d12f_8b44_573d87bc0e12_TB5024_00 Current ratio = Total current assets / Total current liabilities
Current ratio = $31,300 / $12,300 = 2.54

Swan Song's Adjusted Trial Balance as of December 31,2016 Is