Question
Canada Ltd reports the following for the 2020 financial year: Total assets $1 900 000 Profit 200 000 Current liabilities 1 140 000 If current
Canada Ltd reports the following for the 2020 financial year:
| Total assets | $1 900 000 |
| Profit | 200 000 |
| Current liabilities | 1 140 000 |
If current assets = 40% of total assets, Canada Ltds current ratio is:
Select one:
a. 2 to 3.
b. 2 to 1.
c. 3 to 2.
d. None of the options
e. 1 to 2.
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
