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Cash is $15,000; prepaid expenses are $5,000; net income is $60,000; current liabilities are $50,000; accounts receivable are $15,000; and merchandise inventory is $10,000. The
Cash is $15,000; prepaid expenses are $5,000; net income is $60,000; current liabilities are $50,000; accounts receivable are $15,000; and merchandise inventory is $10,000. The current ratio is
Select one:
a. 0.60
b. 0.80
c. 0.90
d. 2.10
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