Question
Transic Corporation has the following financial data for 2015 and 2016. 2016 2015 ASSETS Current Assets: Cash $ 48,000 $ 14,000 Marketable Securities 9,000 13,000
Transic Corporation has the following financial data for 2015 and 2016. 2016 2015 ASSETS Current Assets: Cash $ 48,000 $ 14,000 Marketable Securities 9,000 13,000 Accounts Receivable 35,000 24,000 Other Current Assets 15,000 18,000 Total Current Assets 107,000 69,000 Fixed Assets (net) 140,000 130,000 Total Assets $247,000 $199,000 LIABILITIES Current Liabilities $ 72,000 $ 52,000 Long-term Liabilities 50,000 37,000 Total Liabilities $122,000 $ 89,000 Total Stockholders Equity $125,000 $110,000 Total Liabilities And Stockholders Equity $247,000 $199,000 What is Transics current ratio for 2016?
A 2.14
B 0.88
C 0.21
D 1.49
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