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Wellness Clinic has total assets of $700,000, long-term debt of $300,000, total equity of $250,000, net fixed assets of $500,000, and sales of $721,500. The
Wellness Clinic has total assets of $700,000, long-term debt of $300,000, total equity of $250,000, net fixed assets of $500,000, and sales of $721,500. The profit margin is 4.6 percent. What is the current ratio? A. 0.50 B. 1.10 C. 1.33 D. 1.52 E. 1.86
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