Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The current ratio for a company with current assets of $ 81,000, quick assets of $ 47,000, total assets of $ 207,000 current liabilities of

The current ratio for a company with current assets of $ 81,000, quick assets of $ 47,000, total assets of $ 207,000 current liabilities of $ 57,000 and net sales of $ 94,000 would be:

A. 3.63

B. 0.82

C. 1.42

D. 0.54

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Shopify And Google Seo Masterclass 2023 Building Ecommerce Website That Sells

Authors: Ekaterina Ramishvili

1st Edition

979-8361408788

More Books

Students also viewed these Finance questions