Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If current assets amount to $120,000, total assets are $600,000, current liabilities are $60,000, long term debt is $340,000 and total liabilities are $400,000, what

If current assets amount to $120,000, total assets are $600,000, current liabilities are $60,000, long term debt is $340,000 and total liabilities are $400,000, what is the current ratio?

A. 1.5 to 1

 B. 1.76 to 1

 C. 2 to 1

 D. None of the above


Step by Step Solution

3.47 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

ANSWER Option c 2 to 1 Working Not... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Corporate Finance

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

6th Edition

978-0073405131, 9780073405131

More Books

Students also viewed these Accounting questions

Question

How can assertiveness help you cope with anger? Critical T hinking

Answered: 1 week ago

Question

Compute Paasches index for 2013 using 2000 as the baseperiod.

Answered: 1 week ago

Question

Determine a value index for 2013 using 2000 as the baseperiod.

Answered: 1 week ago