Question
If current Assets for Company B in 2020 is 65,032 and current liabilities is 26,287, it's current ratio( current assets to liabilities ) is 2.47
If current Assets for Company B in 2020 is 65,032 and current liabilities is 26,287, it's current ratio( current assets to liabilities ) is 2.47 which equals 247%. Therefore, does this result imply assets is more than 2x the coverage of liabilities?
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Trust Me Im Almost An Auditor
Authors: Lily Hazelwood
1st Edition
1791960405, 978-1791960407
