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At Spencer's Antiques, the current assets are $794,000, current liabilities are $430,200, cash is $47,800, notes and accounts receivable total $264,000, and inventory is $361,000.
At Spencer's Antiques, the current assets are $794,000, current liabilities are $430,200, cash is $47,800, notes and accounts receivable total $264,000, and inventory is $361,000. Find the following financial ratio for this firm. Round to the nearest hundredth. Find the current ratio.
.54
1.85
1.56
.72
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