Question
On December 31, the Gold Standard Company reported the following information on its financial statements: Total current asset $680,000 Total Long-term asset $ 1 850,000
On December 31, the Gold Standard Company reported the following information on its financial statements:
Total current asset $680,000
Total Long-term asset $ 1 850,000
Total Current Liabilities $490, 000
Total long term debt $975,00
According to this information, the company's current ratio is approximately.
A. 1.73
B. 1.90
C.1.39
D. 1.68
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
