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Chianti Corp's reports the following items in their Balance Sheet: $70,000 fixed assets, $3,500 cash, $1,200 short term marketable securities, $4,500 in accounts receivables, $6,000
Chianti Corp's reports the following items in their Balance Sheet: $70,000 fixed assets, $3,500 cash, $1,200 short term marketable securities, $4,500 in accounts receivables, $6,000 in inventories, $1,000 in prepaid expenses, $4,000 accounts payable and $2,100 in current notes payable. What is Chianti Corp's Current Ratio? a. 7.24 b. 2.65 2.49 1.51 C. d. 4
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