8. The current ratio provides information to users of financial statements regarding a. Ability to pay for existing assets with day-to-day obligations b. Ability to pay day-to-day obligations with existing liquid assets c. The amount of debt outstanding compared to total equity in a business d. The amount of cash currently available to pay for all outstanding obligations of a business ANSWER You go out for dinner and pay the bill for yourself and your special friend. On the menu your dinner choice was priced at $20 and your friends at $25. What will your total bill before tip be? (2 marks)