Current Assets = 10,000  Current Liabilities = 5,000, Long Term Liabilities = 5,000 and Fixed Assets = 20,000.  The current ratio would be

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....
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Current Assets = 10,000  Current Liabilities = 5,000, Long Term Liabilities = 5,000 and Fixed Assets = 20,000.  The current ratio would be 
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