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1. The current ratio for a company with current assets of $ 81,000 , quick assets...

1. The current ratio for a company with current assets of $ 81,000 , quick assets of $ 47,000 , total assets of $ 207,000 current liabilities of $ 57,000 and net sales of $ 94,000 would be:

A. 3.63

B. 0.82

C. 1.42

D. 0.54

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Answer #1

The current ratio for the company would be 1.42

Current Ratio       = Current Assets / Current Liabilities

                             = $81,000 / $57,000

                             = 1.42

Hence, the answer is “C. 1.42 “

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