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Discount Travel Has the Following Current Assets: Cash,$102 Million;receivables,$94 Million;inventory,$182

Question 82

Multiple Choice

Discount Travel has the following current assets: cash,$102 million;receivables,$94 million;inventory,$182 million;and other current assets,$18 million.Discount Travel also has the following liabilities: accounts payable,$98 million;current portion of long-term debt,$35 million;and long-term debt,$23 million.Based on these amounts,what is the current ratio?


A) 2.54.
B) 2.98.
C) 4.04.
D) 2.84.

Correct Answer:

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