Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio?

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Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummel’s current ratio?
a. 0.5
b. 1
c. 2
d. 3

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 03:22 AM

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Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio?

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Cornerstones of Financial and Managerial Accounting

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