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Wrather Bank Corporation shows the following selected items on its current balance sheet: (1) Total current assets of $123,487; (2) Total current liabilities of $98,459;
Wrather Bank Corporation shows the following selected items on its current balance sheet: (1) Total current assets of $123,487; (2) Total current liabilities of $98,459; (3) Total assets of $500,084; and (4) Total stockholders equity of $239,765. Remember, A= L + E. Based upon this information, the ratio is:
A. Not enough information to answer the question
B. 1.25 to 1.0
C. 3.44 to 1.0
D. 2.1 to 1.0
E. 3.87 to 1.0
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