The following information relates to extract from financial data of Dorah Willemse Ltd for the ended 31 December 2010:      Current assets - R 65000 Current liabilities - R60000 Accounts receivables - R20000 Inventory - R2000 Goodwill - R40000 Sales (on credit) - R365000 Cost of goods sold - R 280000 Calculate the Current Ratio Select one: A. 2.10 to 1 B. 0.10 to 1 C. 0.90 to 1 D. 1.08 to 1

Survey of Accounting (Accounting I)
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Chapter1: The Role Of Accounting In Business
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Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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The following information relates to extract from financial data of Dorah Willemse Ltd for the ended 31 December 2010:     

Current assets - R 65000

Current liabilities - R60000

Accounts receivables - R20000

Inventory - R2000

Goodwill - R40000

Sales (on credit) - R365000

Cost of goods sold - R 280000

Calculate the Current Ratio

Select one:
A. 2.10 to 1
B. 0.10 to 1
C. 0.90 to 1
D. 1.08 to 1
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