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AAA company has a current ratio of 1.6: 1, on December 31,2019. If the company has total liabilities of $ 160,000, out of which $125,000
AAA company has a current ratio of 1.6: 1, on December 31,2019. If the company has total liabilities of $ 160,000, out of which $125,000 are long term, then its current assets are:
a.
$69,000
b.
$56,000
c.
$160,000
d.
Answer can not be determined.
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