Ladabouche Corporation's total current assets are $390,000,its noncurrent assets are $630,000,its total current liabilities are $330,000,its long-term liabilities are $420,000,and its stockholders' equity is $270,000.The current ratio is closest to:

Question

Quizplus · Accepted Answer

Current ratio = Current assets F1F1F1S1F1F1F10 Current liabilities
= $390,000 F1F1F1S1F1F1F10 $330,000 = 1.18

Ladabouche Corporation's Total Current Assets Are $390,000,its Noncurrent Assets Are