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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 | 38 | Accounts Payable | 14 |
Account Receivables | 46 | Notes payable | 0 |
Inventories | 34 | Current Liabilities | 14 |
Current Assets | 118 | Long-term Debt | 61 |
PPE | 153 | Total Liabilities | 75 |
Total Assets | 271 | Retained Earnings | 8 |
Common Stock | 188 | ||
Total Stockholders Equity | 196 | ||
Total Liab. + Equity | 271 |
Approximately, what was Raptors current ratio in 2019?
Group of answer choices
2.43
5.71
6.00
8.43
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