Company A's current assets = $10,000,total assets = $26,000,current liabilities = $7,000 and total liabilities = $47,000.What is Company A's current ratio?
A)$3,000
B)$21,000
C)1.43
D)0.55

Question

Quizplus · Accepted Answer

Current ratio = Current Assets / Current Liabilities

Current Assets = $10,000
Current Liabilities = $7,000

Current Ratio = $10,000 / $7,000 = 1.43

Therefore, the correct answer is (C) 1.43.

Company A's Current Assets = $10,000,total Assets = $26,000,current Liabilities