Question
For Company B's balance sheet, if cash is 10,000, accrued liabilities are 25,000, interest bearing debt is zero (and there are no other long-term liabilities),
For Company B's balance sheet, if cash is 10,000, accrued liabilities are 25,000, interest bearing debt is zero (and there are no other long-term liabilities), property plant and equipment is 50,000, prepaids are 5,000, equity is 60,000, accounts receivable are 20,000, accounts payable are 15,000 and inventory is 15,000, what is Company B's current ratio?
| A. | 1.0 | |
| B. | 1.25 | |
| C. | 1.125 | |
| D. | 1.5 |
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Cornerstones Of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
4th Edition
978-0538473460, 0538473460
