Question
The following amounts were taken from the financial statements of Giant Corporation: 2022 Current assets $448,000 Non-current assets 750,000 Current liabilities 280,000 Non-current liabilities 800,000
The following amounts were taken from the financial statements of Giant Corporation: 2022
Current assets $448,000
Non-current assets 750,000 Current liabilities 280,000 Non-current liabilities 800,000
Net Income 300,000
The current ratio is:
| a. | 1.6:1 | |
| b. | 1.1:1
| |
| c. | 0.9:1
| |
| d. | 1:1 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Practical Guide To Auditing SAP Systems
Authors: Martin Metz, Sebastian Mayer
1st Edition
3960126409, 978-3960126409
