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Rachel currently has the following assets: (1) $100,000 in a bank account; (2) $50,000 in stocks; (3) $25,000 in bonds. She also has credit card

Rachel currently has the following assets: (1) $100,000 in a bank account; (2) $50,000 in stocks; (3) $25,000 in bonds. She also has credit card debts of $10,000 and a home mortgage with payoff amount of $250,000. Use this information to calculate Rachels current ratio.

a.

0.10

b.

1.00

c.

10.00

d.

100.00

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