What is (Jalloway Companys current ratio? a. 0.69 b. 1.31 c. 3.XS d. 6.69 e. 2..39 GALLOWAY

What is (Jalloway Company’s current ratio?

a. 0.69

b. 1.31

c. 3.XS

d. 6.69

e. 2..39

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GALLOWAY COMPANY Balance Sheet December 31, 2013 Assets Cash..... $ 86,000 Accounts receivable 76,000 Merchandise inventory 122,000 Prepaid insurance 12,000 Long-term investments.. 98,000 Plant assets, net.... 436,000 Total assets $830,000 Liabilities and Equity Current liabilities.... $124,000 Long-term liabilities.... 90,000 Common stock.... 300,000 Retained earnings 316,000 Total liabilities and equity $830,000