Following are the financial statements for Flynn Corporation for the year ended December 31,20x5.Assume that all balance sheet amounts represent both average and ending figures. What is the current ratio for this corporation? Round your answer to two decimal places.
A)0.66 times
B)1.50 times
C)1.70 times
D)2.00 times

Question

Following are the financial statements for Flynn Corporation for the year ended December 31,20x5.Assume that all balance sheet amounts represent both average and ending figures.   What is the current ratio for this corporation? Round your answer to two decimal places.
A)0.66 times 
B)1.50 times 
C)1.70 times 
D)2.00 times

Quizplus · Accepted Answer

The Answer of Following are the financial statements for Flynn Corporation for the year ended December 31,20x5.Assume that all balance sheet amounts represent both average and ending figures.   What is the current ratio for this corporation? Round your answer to two decimal places.
A)0.66 times 
B)1.50 times 
C)1.70 times 
D)2.00 times

Following Are the Financial Statements for Flynn Corporation for the Year