A company has $120,000 in current assets; $550,000 in total assets; $90,000 in current liabilities, and $110,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimal places.) O a. 1.72 O b.1.09 OC. 1.33anosher.cuemonw etis eone O d. 1.75

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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«< Question 33 of 71 >>
Question 33
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A company has $120,000 in current assets; $550,000 in total assets; $90,000 in current liabilities, and $110,000 in total liabilities. Calculate the current ratio of the
company. (Round your answer to two decimal places.)
a. 1.72
O b. 1.09
Question 33 df 71
O c. 1.33 o anotheriOuestion wi save this nesconse.
Yealink
O d. 1.75
Cose Windbw
03.44
Transcribed Image Text:«< Question 33 of 71 >> Question 33 1.42 points Save Answer A company has $120,000 in current assets; $550,000 in total assets; $90,000 in current liabilities, and $110,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimal places.) a. 1.72 O b. 1.09 Question 33 df 71 O c. 1.33 o anotheriOuestion wi save this nesconse. Yealink O d. 1.75 Cose Windbw 03.44
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