Answered: A company's classified balance sheet…

A company's classified balance sheet shows current assets of $8,650 and current liabilities of $6,000. What is the company's current ratio? Multiple Choice 3.26 to 1 1.44 to 1 0.69 to 1 1.16 to 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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A company's classified balance sheet shows current assets of $8,650 and current liabilities of $6,000. What is the company's current ratio?
Multiple Choice
O
O
O
3.26 to 1
1.44 to 1
0.69 to 1
1.16 to 1

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