B Co had the following details extracted from its statement of financial position: $00 Inventory 3,800 Receivables 2,000 Bank overdraft 200 Payables 2,000 What was the current ratio based upon the available information? A 1.72:1 В 2.90:1 C 2.64:1 D 3.00:1

B Co had the following details extracted from its statement of financial position: $00 Inventory 3,800 Receivables 2,000 Bank overdraft 200 Payables 2,000 What was the current ratio based upon the available information? A 1.72:1 В 2.90:1 C 2.64:1 D 3.00:1

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

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Question

100%

B Co had the following details extracted from its statement of financial position:
$00
Inventory
3,800
Receivables
2,000
Bank overdraft
200
Payables
2,000
What was the current ratio based upon the available information?
A
1.72:1
В
2.90:1
C
2.64:1
D
3.00:1

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