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Question 3 The following information is available for Jones Company. Current assets Long-term assets Total assets $2,400,000 5.250,000 $7,650,000 Current liabilities Long-term liabilities Total liabilities
Question 3 The following information is available for Jones Company. Current assets Long-term assets Total assets $2,400,000 5.250,000 $7,650,000 Current liabilities Long-term liabilities Total liabilities $1,440,000 4,800,000 $6,250,000 Sales $2.700,000 Net earnings $ 180,000 What is Jones' current ratio? 1.67 to 1.0 .60 to 1.0 1.23 to 1.0 .82 to 1.0
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