Find the average current ratio for the three following companies Current Ratio   2016 2017 2018 2019 2020 BHP 1.44 1.85 2.51 1.89 1.45 RIO 1.61 1.71 1.98 1.56 1.80 FMG 1.48 1.18 1.33 1.37 2.25

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 83E
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Find the average current ratio for the three following companies

Current Ratio

 

2016

2017

2018

2019

2020

BHP

1.44

1.85

2.51

1.89

1.45

RIO

1.61

1.71

1.98

1.56

1.80

FMG

1.48

1.18

1.33

1.37

2.25

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