A company has $100,000 in current assets; $600,000 in total assets; $60,000 in current liabilities, and $110,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimal places.) A. 1.6 B. 0.91 C. 2.22 D. 1.67

A company has $100,000 in current assets; $600,000 in total assets; $60,000 in current liabilities, and $110,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimal places.) A. 1.6 B. 0.91 C. 2.22 D. 1.67

Name: A company has $100,000 in current assets; $600,000 in total assets;
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Description: A company has $100,000 in current assets; $600,000 in total assets; $60,000 in current liabilities, and $110,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimal places.) A.1.6 B.0.91 C.2.22 D.1

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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