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2. Flimsy Safe Rooms, Inc. has total assets of $1,000,000. The firm has $100,000 in inventory. It has $300,000 in long-term debt and $400,000 in
2. Flimsy Safe Rooms, Inc. has total assets of $1,000,000. The firm has $100,000 in inventory. It has $300,000 in long-term debt and $400,000 in current assets. The common stockholders equity is $400,000. The firm does not have any preferred stock outstanding. What is Flimsy Safe Room's current ratio?
Question 2 options: A) 2 = 200% B) 1.40 = 140% C) 0.60 = 60% D) 1.33 = 133%
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