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Sports Ltd reports the followinginformation: Net profit $30,000 Total assets 950,000 Current liabilities 285,000 Deferred liabilities 405,000 If current assets represent60% of totalassets, SportsLtd's current
Sports Ltd reports the followinginformation:
Net profit $30,000
Total assets 950,000
Current liabilities 285,000
Deferred liabilities 405,000
If current assets represent60% of totalassets, SportsLtd's current ratiois:
A. 200%.
B. 150%.
C. 67%.
D. 50%
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