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Raptors Inc. had the following balance sheet in 2019. Assets ($ mill) Year 2019 Liabilites & Equity ($ mill) Year 2019 Cash & Cash Equivalents
Raptors Inc. had the following balance sheet in 2019.
Assets ($ mill) | Year 2019 | Liabilites & Equity ($ mill) | Year 2019 |
---|---|---|---|
Cash & Cash Equivalents | 29 | Accounts Payable | 15 |
Account Receivables | 44 | Notes payable | 0 |
Inventories | 44 | Current Liabilities | 15 |
Current Assets | 117 | Long-term Debt | 81 |
PPE | 239 | Total Liabilities | 96 |
Total Assets | 356 | Retained Earnings | 10 |
Common Stock | 250 | ||
Total Stockholders Equity | 260 | ||
Total Liab. + Equity | 356 |
Approximately, what was Raptors current ratio in 2019?
A. 2.93
B. 7.80
C. 4.87
D. 5.87
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