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Transic Corporation has the following financial data for 2016 and 2017. 2017 2016 ASSETS Current Assets: Cash Marketable Securities Accounts Receivable Other Current Assets Total
Transic Corporation has the following financial data for 2016 and 2017. 2017 2016 ASSETS Current Assets: Cash Marketable Securities Accounts Receivable Other Current Assets Total Current Assets Fixed Assets (net) Total Assets $48,000 $ 14,000 9,000 13,000 35,000 24,000 15,000 18,000 107,000 69,000 140,000 130,000 $247,000 $199,000 LIABILITIES Current Liabilities Long-term Liabilities Total Liabilities $ 72,000 $52,000 50,000 37,000 $122,000 $89,000 $125,000 $110,000 Total Stockholders' Equity Total Liabilities And Stockholders' Equity $247,000 $199,000 What is Transic's current ratio for 2017? 0 a 0.88 O b. 0.21 O c. 2.14 d. 1.49
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