Case 1 Case 2 Case 3 Case 4 Case 5 Current Assets $60,000 $150,000 $57,000 $ 130,000 $70,000 Current Liabilities $30,000 $85,000 $53,000 $127,000 $110,000 Case 1 Case 2 2.00 1.76 1.08 The current ration 1.02 The current ratio for each of the above cases are: Case 3 Case 4 Case 5 for each of the above cases are calculated correctly 0.64 True False