Current ratio for a company with current assets


The current ratio for a company with current assets of $70,000, quick assets of $30,000, total assets of $150,000 current liabilities of $50,000 and net sales of $80,000 would be:

A. 0.20.

B. 1.40.

C. 3.00.

D. 1.00.

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Accounting Basics: Current ratio for a company with current assets
Reference No:- TGS068965

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