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A company has current assets of $500,000, net income of $10,000, current liabilities of 250,000 and equity of $250,000. What is the current ratio? 0.5
A company has current assets of $500,000, net income of $10,000, current liabilities of 250,000 and equity of $250,000. What is the current ratio?
| 0.5 | ||
| 7.5 | ||
| 0.3 | ||
| 2.0 |
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Auditing Text And Cases
Authors: W. Robert Knechel, Knechel
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