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 working ratio?
A)$3,000
B)$21,000
C)1.43
D)0.55

Question

Quizplus · Accepted Answer

Working ratio (also known as current ratio) is found by dividing current assets by current liabilities. 
Working ratio = current assets / current liabilities 
Working ratio = 10,000 / 7,000 
Working ratio = 1.43 
Therefore, the answer is C.

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